an account is listed twice
Date: Tue, 06/13/2006 - 02:23
If not, then the same old credit card debt can be listed by the original creditor and the JDB, both?
Not sure, I have seen people talking on this topic several times
Not sure, I have seen people talking on this topic several times, but the right solution is still unknown to me.
However, as the debt is charged-off and your creditor has sold it to JDB, the JDB has become the creditor. So I think both of them can report the account, provided, your original creditor reports it as charged-off, zero balance.
But, if the account is sold to another JDB in due course of time, then the new buyer cannot make a new entry.
Again there is a different opinion that says, once an account is declared charged-off and sold to collection, it should be reported as charged-off / collection. Hence no new entry is required. Unfortunately I have not been in such a situation, LOL. You can call the CRA and explain the situation to know the right process of reporting.
That was all from my part, hope someone else would offer more info.
multiple reporting of an account by same creditor
this debt shows closed and is listed 26 times, same account number but different amounts but opened same date
I will bump this up for you but I am almost sure that the origin
I will bump this up for you but I am almost sure that the original creditor and 1 debt collector can report on the same account PROVIDED they both report correctly.
I had this same question on one of my accounts. I called the org
I had this same question on one of my accounts. I called the orginal company as I don't remember having an account with them to begin with. They were very helpful. It was an old telephone account I had that got sent to collections. Well the company being listed brought the other company out, but it's stills howing as the orginal comapny. They just told me to dispute the orginal company as a double entry.