Bad credit appearing twice on my credit report?

Question

I have issues concerning my credit report that I would greatly apperciate advice on.
1) The same debt appear on my CR twice. From both the original creditor and the collection agency. Is this legal? What could I do to remove the original creditor's report?
The information the collection agency provides to the 3 credit bureaus are all different and they even have the guts to say my last payment to them was in 04 - during my deployment. I have never given them a cent. Isn't this called re-aging?

2) I have another charge off that gets reported to 2 credit bureaus by the original creditor on which they state it has been sold to a CA and the CA reports to the other credit bereau. Both of them also state that I made my last payment in 03 also during my deployment - not possible. I read somewhere that you cant send an original creditor a letter for debt validation. What should I do?

It was HSBC credit card debt. The layout and info provided by the 3 credit bureaus are all different so it's a bit confusing but on my equifax report it clearly states "date of last pament" and there aren't any "fall-off" dates on the equifax either.

Answer 1

Both the original creditor and one collection agency can report the same account. But if the collection agency is reporting, the original creditor must report a zero balance.

As for the re-aging

Without knowing some specifics it makes it a bit tougher to answer - such as - if it actually states a payment was made on those dates, or if you are looking at the DOLA (date of last activity) and thinking that is what they are claiming as your last payment date. If you are looking at the date the collection agencies are showing as open dates (which is the date the collection agency received the account, not the last payment date). What the date is that the credit reports show as when the trade line will be removed. etc.

If the removal dates reflects the dates that you posted in '03 and in '04 and you are positive that you did not make payments at that time, then it would sound like they had re-aged.
If you don't know the removal dates, it's not listed for some reason, contact the CRA's and ask. Be sure to say that you are NOT disputing the accounts at this time and the call is purely for information only !!!!
Also request that they send you something in writing showing the removal dates.

If you find that they had re-aged the accounts --

First send disputes to the CRA's. Send them certified mail (but you don't have to have return receipt)

If the accounts are verified, then send debt validation letters to the collectors and a debt verification letter to the original creditors. Among other things, request proof of payment on those dates.
Send the letters certified mail return receipt.

When you get the green cards back, file another dispute with the CRA's.

If the accounts are verified again, file disputes with the BBB, FTC, your AG, the collectors AG and the original creditors AG.

If they continue and you have a solid paper trail of trying to correct it, sue them.

You might do some reading in the links I have listed in my profile to the FCRA, FDCPA and especially the last link.

(I'm just guessing that it's Cap One if they actually changed the last payment date, since Cap One is well known to do that. If it is, the Virginia AG is pretty good about dealing with them)

Answer 2

It takes time to actually get a "true" up to date credit report You know when you've paid but it has to go thru the company then they have I believe 30-60 days to report to the credit bureaus. As far as the original creditor appearing as well as the collection agency is how it works. The original creditor will show your good or bad standing then later on showing that it was charged off and reported to a collection agency. Make sure the original one is accurate even if it has a negative marking. As far as removing the original creditor you just have to wait until it falls off of your report unless you dispute as not being yours. You have to get on the phone and send letters stating that you dispute theire records.

Answer 3

One merchandise is the unique creditor's reported charge off. it is going to teach a nil stability. the 2d itemizing could be the series organization who presently owns the debt. it somewhat is the way it is think to teach. by potential of how, paying off derogatory products won't improve your score. the wear and tear is finished and could proceed to be for the steadiness of the 7 twelve months reporting era, no count if paid, unpaid, or settled. whether, lenders evaluate your finished credit checklist, not basically the score. Paid old debt seems greater useful. confirm to get any contract contract in writing earlier you pay. save that contract and your charge info, perpetually. do not supply the collector direct get right of entry to to you monetary employer account. Disputing valid products is a bad theory. whether something does fall by the crack and is bumped off, it somewhat is extremely possibly to teach returned up while the creditor next updates or the debt offered to a diverse series organization. To rehab your credit you will desire a minimum of 24 months of consistent, on time charge historic previous to work out any progression in uour score. in case you do not have an open line of credit, get one, whether you are able to desire to get a secured mastercard. Use the cardboard and pay in finished each and each month.