questions about my credit report

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thanks, what if I have 2 entries that are th same debt? If my debt has been sold. Are both of those supposed to stay on me report? The orgianl owner of the debt sold it to a collection agency.

sweetums,

If both the OC and the CA reports the account to bureau and two separate entries appear in your report that mean you owe to both of them. But that is not true. Once your account is sold to CA, you don't owe to OC. So both the debts cannot be verified and validated at the same time. Thus one entry should be removed from your report.

That was my view towards the problem. Hope some other forum members will post some more comments.

Hi, we have this going on right now on hubbys report. Original creditor was a 'charge off' but they're still reporting. Now collection agency has it, they're reporting as well, they are reporting that we're paying. Sent letter off to the bureaus this week with many questions and disputes, this was one of them. will post again when I find out what they're going to do about it. shirley

Shirley,

Your credit report cannot have multiple entries for the same account reported by multiple creditors. It sounds that you have already taken the right move by contacting credit bureaus. Keep informing us on what is going on.

I have the same problems with a Bankfirst Account I had in 2000. These entries show up on my credit report with the same exact credit card number. I paid them off in a settlment a long time ago. One shows paid off other shows actives. I disputed it with the Experian. Equifax just shows the one paid off entry. What else can a I do.

Hi John

Contact the company whom you made the payment. They have not updated your account with the bureaus. Show them proof of your payments made to them. Explain them that your credit is being hurt because of this negative remark. They will update your accounts with the bureaus.

If they don't do it, take some legal help in this matter with all the evidences in place.

I have a four negative on my credit report with Experian. They are all outside the SOL for my state. The amounts are $210,409,510 other settled. They are all at least 5 to 6 years old. If i pay them all off, will it boost my credit score. If paid off will they leave after the 1 to 2 years left for the them to be removed or will the 7 and half years restart.

quindrickf,

Welcome to forums. Paid charge-off is better than charge-off status. However, if the charge-off info is about to get removed from your report, I will suggest not to stir the system. Let it be removed automatically.

You have mentioned that all the accounts are past SOL. Further payments will restart the clock and you will be bound to pay it legally again. So it's better to wait for some time.

quindrickf, If you want to pay the charged off account at this stage when you are nearing the 7 years reporting time, have the total amount in cash and pay in full to the account holders. You are sure of not revolving the debt and the positive effects will be reflected in your credit file. Your credit scores will improve after this debt is cleared. Think once again if you want to pay it in installments. Think ahead of time if you fail to make the repayments. You have activated the legal collection period by this time.

These amounts are real small debts I established a long time ago so I can pay them off now. I just do not want to restart the 7 and a half years needed to take them off. If one has debt in collection will it your credit report to pay them in full.

quindrickf,

See what Ben has suggested. If it is ok with you, then directly contact your original creditor. Tell them that you are going to pay the amount in full and request to report it in your favor.

Keep us updated on what is going on. Best of luck.

TravisTritt Fan, what did you write to the creditors when you asked them to stop reporting. I have the original creditor, and the collection agency on my bill. I show the original creditor as a profit & loss write off, but the collection agency just shows placed for collections. They do not show that I am paying on it! :( WAAAAAAAAAAAAAAAAAAAAAAAAA

vanidosa27,

Hope you have all the documents of payments made to them. It seems none of your creditor and the collection agency has updated your accounts with credit bureaus. Contact them and request to report the latest status of your accounts.

You can also contact credit bureaus since the account status is incorrect. They will run an investigation and rectify all the wrong entries. Do keep us updated on this matter.

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There was a change in the staus on my credit report..it changed from unpaided to checked...What does this mean?