Double entries

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russellg

Joined: 16 Mar 2009
russellg's page
Posts: 7

167 Magic Points

Subject: Double entries

Sun Apr 05, 2009 2:47 am

A charged off as bad debt from American Gen finance for 3400 which is estimated by equifax to fall of my report 8/2009, but there is also the same account # and amount by a collection agency estimated to fall off report 9/2010. Is there anything I can do? This same situation happens twice on my report. Two double entries on same debt.

Guest

Subject: Same Problem

Sun Apr 05, 2009 4:15 am

Yea, I have this same Problem Like you , Any One Can Help Us to Solve this Problem.
Thanks

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 730

17417 Magic Points

Thu Apr 09, 2009 9:36 am

It means that the original creditor has sold the debt to the collection agency and before selling the debt they have reported it to the credit bureaus and the collection agency after purchasing the debt has reported it to the bureaus. So both the names of the OC and the CA would be there in your report. It is not a double entry, but listing of names of both the CA and the OC in your report against the same debt.
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