My TU report is reporting an account charged off from a utility company and that same account is reporting from a CA. Can this same debt be reported by 2 different collectors with a balance showing on both? I've already disputed, so now what can I do?
Yes, the OC can list their account and the CA collecting for them can list theirs. If the OC owns the debt both of them can show a balance. If the OC sold the debt they would need to show a 0 balance.
Does it say transferred/sold on the OC account?
I have a similar situation and was hoping for some advice. I had a Salute VIsa card opened back in 08/2007. The account is reported as closed in 11/2008. The status says the account was charged off and shows a balance of $472. The remarks say : Account closed by consumer; Closed by credit grantor; >Unpaid balance charged off<
Further on down in my report I have another item from a CA which references the same Salute account #. This item reports that it is in collections. Original amount was $660 and the balance is now $923.
Both items show that they will be removed sometime in 2016. If anyone has advice on how I should approach this I'd greatly appreciate it. If I should contact the CA, would it be better to pay the full amount or try to settle for a lesser amount? I believe I only had a 400 or 500 credit limit on the card. So it looks like the CA has added fees and/or interest.
Since the OC is still showing a balance, they would still own the debt and the CA is just assigned collection. This account is old, is it past the SOL of your state? I would contact the OC and make a settlement offer on it, that way the CA would have to delete.