Two entry of same debt but different lender
Date: Mon, 07/02/2012 - 17:16
Hi All,
I just print out my credit report from experian today. I notice two tradelines with the same balance but different creditors/CA.
1. Chase
Past Due $7849.00
Payment Status 180 days
Account Status Closed
Date Opened 3/1/2006
Comments Transferred to another lender or claim purchased
Payment History line showed that from 8/2008 120 all the way to Jul/2010 OK.
2. Midland Funding
Past Due $7849.00
Account Status Closed
Date Opened 6/1/2010
Payment Status Seriously past due date/ assign to attorney, collection agency, or credit grantor's internal collection department
Comments Blank
Payment History line showed from 8/2010 KD to 6/2012 KD.
It seem like the same debt and Chase sold it to Midland?
What can I do at this point? Can I dispute to Experian and have them remove one?
Please advise on the best step to take. I am hoping getting one remove can increase my score.
Appreciate the help.
Thanks in advance.
I just print out my credit report from experian today. I notice two tradelines with the same balance but different creditors/CA.
1. Chase
Past Due $7849.00
Payment Status 180 days
Account Status Closed
Date Opened 3/1/2006
Comments Transferred to another lender or claim purchased
Payment History line showed that from 8/2008 120 all the way to Jul/2010 OK.
2. Midland Funding
Past Due $7849.00
Account Status Closed
Date Opened 6/1/2010
Payment Status Seriously past due date/ assign to attorney, collection agency, or credit grantor's internal collection department
Comments Blank
Payment History line showed from 8/2010 KD to 6/2012 KD.
It seem like the same debt and Chase sold it to Midland?
What can I do at this point? Can I dispute to Experian and have them remove one?
Please advise on the best step to take. I am hoping getting one remove can increase my score.
Appreciate the help.
Thanks in advance.
This is how charged off and sold accounts report....both credito
This is how charged off and sold accounts report....both creditors can legally report for the full 7 years of the reporting SOL. Chase is valid...HOWEVER...Midland looks like it has re-aged the account....the open date should be the date of first deliquency that chase is reporting. That one you should be able to dispute.
