Double entries

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russellg

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

167 Magic Points

Subject: Double entries

Sun Mar 29, 2009 8:42 pm

I noticed on my credit report that there is a debt from the original creditor and also the same debt is also listed from a collection agency. Can both parties keep reporting this debt?

shekhar

shekhar

Joined: 30 Mar 2009
shekhar's page
Posts: 35

545 Magic Points

Mon Mar 30, 2009 8:06 am

You must contact to your Credit Card Sevice provider

scott

Joined: 28 Jun 2006
scott's page
Posts: 446

10878 Magic Points

Mon Mar 30, 2009 8:33 am

Yes, if debt is sold by the original creditor to a collection agency, and if before selling it off, the OC reports the account as delinquent in your credit report, then both the OC and the CA listing will stay in your credit report for seven years against the debt. However, if you can make the collection agency agree to pay for deletion agreement, then after paying off the debt the CA listing will be removed from your report, but the OC listing will stay there for seven years.
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SCOTT

Use your credit account responsibly and enjoy a debt free life.

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