Reporting Twice !!!

If a company, (lets use Sears) sold an account to a collection agency shouldn't Sears be removed from the credit report and the collection agency remain on it. Should I dispute it because both accounts are showing different amounts being owed? :-?

Comments(1)

  • flacorps27th April, 2004

    http://moneycentral.msn.com/content/Savinganddebt/Managedebt/P74812.asp

    If the account was sold, the Sears TL should show a zero balance, and "account transferred or sold". It can still show a balance if the account was assigned but Sears still owns it. The CA TL is proper, unless the CO was 7 years or more ago. It's up to you to fight the re-aging if it's improperly claimed to be a newer debt.

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