Can anybody help me understand this?

[william23]

Santander Consumer Usa	XXXXXXXXXXXXX1000	6/2007	$9,286	Charged off as bad debt		Details
Hsbc Auto Finance	XXXXXX0064	6/2007	$9,286	Charged off as bad debt		Details

Transunion it is an old repo question is why is it showing twice????

What do I do ?? Any advice?

[laz98]

the original creditor can report it, and then the collection agency they sold it to can report it.

[llecs]

In this case, both are OCs, Santander bought HSBC Auto or portions of it. Both can report the repo and the lates, but HSBC should have updated to $0.

[laz98]

thanks llecs! 

[william23]

So what do I do to make them report $0?

[RobertEG]

More info is needed. 

I presume that HSBC was the OC, and that Santander then entered as a debt collector?  Or did Santander reporT as a new (not original) CREDITOR, and not as a debt collector?

[llecs]

OP, is the debt paid? If not, make sure you are beyond SOL or you have the $$$ to PIF set aside before doing anything. If not, word would likely get to Santander and they could sue.