Can an original creditor AND a collection show on my credit?

thats what i want to know as well

Good question hopefully someone will be along shortly to provide us with an answer.

ladybug

I saw that same thing on my report today...???

Yes they can if they are reporting correctly.If creditor assigns a account for collection,they both will have history and all info. If debt is sold,creditor should show zero balance sold/transferred and last status of account before sale or transfer(write off,charge off,late,or paid as agreed).

Thanks for the answer I knew that you would be along to clear up any confusion.

ladybug

wow, that may be why i have a few items on my cr that i dont know about, i will have to check into that, thanks cajun!

On my reports,there are nine trade lines associated with a small student loan I took out and paid. It was sold twice before I finished paying it out. I also have two separate entries for my home mortgage which was also bought out by a different company. There are also multiple entries from Bank One,First Usa,and Chase associated with Chase swallowing these banks. :shock: :shock: :lol:

You mentioned that if debt was sold the original creditor should show a 0 balance.... Both of mine show a balance of about $500...

Does it show sold or transferred to another company next to it?

Yes

Sorry... I thought I was logged in.... The "Yes" was from me.

Then the entry for the creditor who sold/transferred account is incorrect and should be disputed.

Cool. Thank for the info.