Is it normal for 2 collection agencys to report same debt?

Question

I noticed the first collection agency name "Arrow Financial Service' was reporting on my credit report for a debt and was updated in July 2006, then I recieved a letter from in infamous Ken Hughes ( Merchants Credit Guide} on July 6, 2006, about the same debt for First Premier Bank. I have been keeping up copies of my credit report and it shows that account was 30 days late as of Oct. 2000 and it led to a charge off in Feb. 2001. What I want to know will "KEN" try to re-age this debt? I hear rumors about him all the time. The SOL in my state is 7 years.

Answer 1

I don't know of any state that has 7 years for either written or open accounts. Or where you found your SOL. (Unless this is from a judgment.)

If this is with First Premier, I'm guessing that this is for a credit card debt. And there is no judgment? If it is a cc it may be an open account SOL.

I haven't looked at the statutes for each state, as far as how many have cc's as open, but many do. If the states have statutes that show them as open, and if the debtor (or their atty) doesn't push the open statutes, the collectors usually try to go by the written statutes. (I hope I made sense with that last paragraph, it's late and I'm a bit tired lol)

You might go to the link I've provided. Go to the bottom of the page and look up your state. On many (if not all) of the states that are listed, if that state has statutes for a credit card as an open account, the statutes may be listed also.
The site owner is very knowledgeable and has done extensive research on all states statutes, gleaning as much info as possible to prove that cc's are open.

The second site I've listed is Bud Hibbs site. Read about what he has to say about Merchants Credit and click on the Read Customer Comments button and read what others have gone through with this company.

The third site I've listed is a "free" credit repair site. All of the info on there is free to read and use. Do some reading in the newbie forum than in the credit forum and learn your rights and how to deal with Arrow and Merchants.