Sunday, March 14, 2010

Can the same unpaid debt from two different collection agencies remain on my credit report?

If you have an unpaid debt that is sold to a collection agency who then sells it to another collection agency should both collection agencies for the same debt remain on my credit report or should only the last collection agency to buy the account be on my credit report? Is this not considered a duplicate account since it is the same debt althought it's with two different agencies?





OR





Is each collection agency allowed to report the exact same debt being that it was sold to them from a prior collection agency which is also on the credit report?

Can the same unpaid debt from two different collection agencies remain on my credit report?
The only person who can post to your credit report is the person with the legal right to collect it. Therefore, duplicate listings must be deleted.





Many times these creditors will send your debt to an agency....and after a while if no responses they will pass it to another agency. The result is both agencies posting to your report.





Send a dispute letter to the credit bureau, and validation demand letters to the creditors.
Reply:You can have this fixed - write to the credit agencies (all 3) and let them know that this is a duplication. Something should be removed. (Same thing happened to me - I send as much documentation on the problem as I could find to ensure that there weren't any questions.)
Reply:The only collection agency who can put a listing on your credit report is the one who has a legal right to collect the debt. If collection agency A sells the debt to collection agency B, then collection agency A must remove their listing.

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