Re: Duplicated Items on Credit Report

Posted by CeeBee on October 17, 2000 at 04:39:53:

In Reply to: Duplicated Items on Credit Report posted by Lance on October 17, 2000 at 04:37:08:

: I have a question about duplicated items on a
: credit report. I have 3 old accounts that went
: to collection 4-6 years ago, and 2 of these have
: since been paid off. On my credit reports, both
: the original creditor *and* the collection agency
: for the debt are listed as separate items for
: each of these 3 original accounts. Therefore,
: there are 6 items on my report for what was only
: 3 accounts to begin with. My question is, must
: the credit reporting agencies combine these into
: single items? The reporting agencies have told
: me that both the original account and the collection
: account must each have their own separate entries
: until the 7 year limit is up. They refuse to
: delete the "original" item, all they will do is
: change the balance on the original item to zero,
: and notate that the account has been transferred
: or sold. Then they show the collection account
: item with the current balance and the same date
: of last activity as the original item. I would
: really appreciate any advice that you could give.
: Thanks.

Write the CRA and contest all bad items. The CRA
will try to contact the reporting creditor to
verify account. If the account was sold no records
exist any more. If the creditor does not answer
within 30 days, entry is removed. It doesnt matter
how many companies owned the account. Only the
current owner has the right to place it in your
credit history.
Good Luck

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