I have a collection from MBNA that went to court the and the collection agency got a judgement. I have paid the debt in full but now have the original account and the collection agency judgement listed as negative items. Can they both be on there or can I get one removed?
2006-08-05 12:20:59 · 4 answers · asked by michael s 1 in Business & Finance ➔ Personal Finance
There are rules set by the FTC for credit reporting, but there´s nothing to stop a creditor from putting anything that they want on your credit report. It´s frequent to have the debt sold or transferred to different collection agencies, and each of them will report it as outstanding, so you can sometimes have the same debt listed multiple times. If you write the credit bureau that it was reported to, and explain that it is the same debt and show your proof of payment, they are supposed to remove it, by law. Remember to write to any or all of the three bureaus that are reporting it. If they don´t do it, write to them again, and you can complain to the FTC.
2006-08-05 12:30:05 · answer #1 · answered by Me-as-a-Tree 3 · 0⤊ 0⤋
They're both there legitimately. You can add a comment that the judgement is for the MBNA account. Don't know how much that will help, but it won't hurt.
2006-08-05 12:33:55 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
the reporting agencies make the whole thing a hassel- get ready to send letters to ask for forms to get duplicates removed and errors removed- Anything can wind up on your report and be a B8tch to get off, but get the ball rolling, send stuff each month, it will clear up eventually if you persist-
best!
2006-08-05 12:26:43 · answer #3 · answered by omnimog 4 · 0⤊ 0⤋
it is very possible and its just an error in the crdit bureaus files. you should contact them so u can getit expunged as soon as possible cuz the effect could be devastating
2006-08-05 12:25:38 · answer #4 · answered by Scorpiogirl 3 · 0⤊ 0⤋