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| *Loan,banking and credit>>>credit report |
Can a debt be reported twice to the credit bureau? |
Once by the original creditor and then by the collection company?....keep one thing in mind that the statue of limitation is 3 years on credit card collection(Alabama) and the original debt is in default since 2001. I think it is not legal becuase If I owe $$ to Credit card and they sell their account to collection agency, which later sells it to another collection agency, how this second collection agency report that very same debt to credit bureau, when it is already been reported once? Please advice with web link, phone # where I can ask to get this concern answered....I already check FTC.gov but could not find answer to this specific question. I don't think that you owe the same bill twice. I am currently going through a bankruptcy, KY, and we only have to bankrupt the last occurence of the bill in collections. Hope that helps! lign="right" > Sign in to vote! If you've not acutally paid the debt or had it discharged through a bankruptcy order, then it might be possible for it to continue to reappear if the account has been sold. To get the final answer on the matter, contact the credit bureau (Trans America, Experian or Equifax) that's showing the debt and dispute it. When you dispute something on your credit report, the bureau showing the charge must contact the company that reported it and obtain supporting information. The credit bureau will then give you information based on the applicable law to indicate whether the charge continues to be valid or if it should be removed. If it should be removed, then they will do so. If not, you'll have to actually clear it before it drops off. The websites for the credit bureaus are www.experian.com, www.equifax.com and www.transamerica.com. lign="right" > Sign in to vote! You have to contact each of the three credit bureaus, Transunion, Equifax and Experian and dispute the information. They then have to investigate and correct any inaccuracies. The company who sold your account to the collection company should have it listed as such, not as an outstanding debt. In the meantime, you can have them add a line to each debt on your credit report that you contest that information and why. lign="right" > Sign in to vote! lass="explain-text">Sometimes none of the answers get it just right. If so, pick "No Best Answer". Voters DO NOT get any points for voting on the No Best Answer. |
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