account closed but still reporting balance?

[xlaurenx]

an old account that is listed on my CR as closed by credit grantor in 07/04 is showing on my CR as a balance that is increasing, and has been increasing monthly since then. it was an old account that defaulted and went to collections, but how does the continuing increase on a closed account happen? what can i do to dispute/stop it?

[Anonymous]

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xlaurenx wrote:
an old account that is listed on my CR as closed by credit grantor in 07/04 is showing on my CR as a balance that is increasing, and has been increasing monthly since then. it was an old account that defaulted and went to collections, but how does the continuing increase on a closed account happen? what can i do to dispute/stop it?

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An OC can report up until 7 years from DOFD. When it shows an amount owed that is increasing usually means that they are adding int.and or fees.  When it shows Bal $0  watch for a sale to a CA.

They can assign it to a CA and still add amounts.

[xlaurenx]

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@Anonymous wrote:

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@xlaurenx wrote:
an old account that is listed on my CR as closed by credit grantor in 07/04 is showing on my CR as a balance that is increasing, and has been increasing monthly since then. it was an old account that defaulted and went to collections, but how does the continuing increase on a closed account happen? what can i do to dispute/stop it?

---

An OC can report up until 7 years from DOFD. When it shows an amount owed that is increasing usually means that they are adding int.and or fees.  When it shows Bal $0  watch for a sale to a CA.

They can assign it to a CA and still add amounts.

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i have been contacted by a CA via US Mail recently, because I first attempted to contact the OC. I am sending a DV letter today via certified mail to the CA that contacted me. is there a way to get around the CA and clear it with the OC since the CA is not the one reporting to the bureaus??