Can they report things twice, I owe Discover from back in 2000 and I notice it is on there twice, once reported by Discover and another reported by a company they sold it to. I am not disputing that I owe the money, but that it's on there twice. I disputed with the credit-reporting agency and after the inquiry the said it was valid and put it back on.
2006-07-16 10:29:25 · 3 answers · asked by meadows123 3 in Business & Finance ➔ Credit
Since it was sold for collections, then it can be listed multiple times. Sorry!
2006-07-16 10:33:27 · answer #1 · answered by Angie P. 6 · 1⤊ 0⤋
Once Discover sold the account to the collection agency It is now the collection agency account and discover was paid by the collection agency. So yes discover should be removed from the credit reports. Normally it's one or the other that reports it not both. I would dispute it as No knowledge of account. And it should been removed. I went throught the things with a visa card back in 2003. Once it gets removed from your credit report it cant be place back on, that is under the fair credit act of 1999.
2006-07-16 10:44:21 · answer #2 · answered by mamabear81grape 1 · 0⤊ 0⤋
Under the new FACTA law passed by Congress in 2003, if it is being reported twice then that would be grounds for being inaccurate and only the original creditor can report. Write a letter to the credit bureau to have them update your credit report.
Good Luck
2006-07-16 12:10:06 · answer #3 · answered by teenriodoll 3 · 0⤊ 0⤋