Rebuilding Your Credit

[chevy22]

I have a collection with AFNI for AT&T on my EQ report, this baddie shows twice on my report. First, at the beginning as a closed account listed under the other accounts section and again in the negative account section as closed. But there is no current status listed. DOLA is n/a. No close date is listed and 1st major delinquency is 4 mos later than the DOFD. Is this something I should be concerned about or is this the way EQ shows it to me? I noticed a CC listed twice like this also, but other than one mark in 2006, I am in good standing. My TU doesn't show the account twice like that and my TU FICO is a decent bit higher than my EQ FICO. I just want to make sure it doesn't effect my score. Can anyone shed any light on this to me? I am new to this credit thing. Thanks!

[MaryJane197]

The same debt cant be listed twice.  I just got two accounts deleted from my CR because of this.  I would dispute it and put in the notes that its listed twice and give details.

[migo13]

I understand that you disputed it, but under what category did you list the dispute?

[chevy22]

I haven't yet. I was just wanted to know if this is normal, and what to do about it. I am about to start researching the negatives and start submitting my disputes this week.

[rckstrscott]

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MaryJane197 wrote:

The same debt cant be listed twice.  I just got two accounts deleted from my CR because of this.  I would dispute it and put in the notes that its listed twice and give details.

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This is not true. The same debt can have multiple negative entries depending on the type on entry.

Example:

OC lists the account as negative, charged off and sells the debt. They show the debt with a 0 dollar balance owed.

Collection company A purchases the debt, and tries to collect. They sell the debt, and list it as a 0 dollar balance owed.

Collection company B lists the debt after purchase, shows a $243 dollar balance. They sue you, they win a default judgment.

Right now you have the OC, Collection A, Collection B, and a Judgment, and they all are listing correctly. Since the first 2 show 0 dollar balance, they are showing correctly. Collection B is tied to the unpaid judgment, so it is showing a correct balance, and then of course so is the judgment.

Just the fact that the OC and a CA is showing the same debt is not reason enough to compel a deletion.

-scott

[chevy22]

Both are from same CA and CC. Just thought about this, does the lender see same report listing as we see it? What I mean by that is in the report it has
-mortgages
-Installments
-Closed - I have one with negs car loan
-Revolving
-Open - have 1 perfect CC and 1 with negs but still shows in good standing
-Closed - I have 1 perfect
-Other Accounts (accounts that do not fall in any of above categories ie 30 day accounts & American Express.)
-This is where my collection is first listed for my cell phone by the CA not the OC.
-Inquiries
-Negative Accounts (my concern of items showing twice)
-Open - my neg CC listed above (not a collection this is my account.)
-Closed
-my car loan with couple lates not a collection
-the cell phone posted again by the CA not the OC
-Collections
- Public Info
-Personal Info

Hope that explains a little better.

[rckstrscott]

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chevy22 wrote:
Both are from same CA and CC. Just thought about this, does the lender see same report listing as we see it? What I mean by that is in the report it has
-mortgages
-Installments
-Closed - I have one with negs car loan
-Revolving
-Open - have 1 perfect CC and 1 with negs but still shows in good standing
-Closed - I have 1 perfect
-Other Accounts (accounts that do not fall in any of above categories ie 30 day accounts & American Express.)
-This is where my collection is first listed for my cell phone by the CA not the OC.
-Inquiries
-Negative Accounts (my concern of items showing twice)
-Open - my neg CC listed above (not a collection this is my account.)
-Closed
-my car loan with couple lates not a collection
-the cell phone posted again by the CA not the OC
-Collections
- Public Info
-Personal Info

Hope that explains a little better.

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If the same collection company is showing the same listing twice, for the same debt, then yeah, that is def. incorrect and you could dispute that to be removed.

-scott

[rootpooty]

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rckstrscott wrote:

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MaryJane197 wrote:

The same debt cant be listed twice.  I just got two accounts deleted from my CR because of this.  I would dispute it and put in the notes that its listed twice and give details.

---

This is not true. The same debt can have multiple negative entries depending on the type on entry.

Example:

OC lists the account as negative, charged off and sells the debt. They show the debt with a 0 dollar balance owed.

Collection company A purchases the debt, and tries to collect. They sell the debt, and list it as a 0 dollar balance owed.

Collection company B lists the debt after purchase, shows a $243 dollar balance. They sue you, they win a default judgment.

Right now you have the OC, Collection A, Collection B, and a Judgment, and they all are listing correctly. Since the first 2 show 0 dollar balance, they are showing correctly. Collection B is tied to the unpaid judgment, so it is showing a correct balance, and then of course so is the judgment.

Just the fact that the OC and a CA is showing the same debt is not reason enough to compel a deletion.

-scott

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scott you just painted one of the worst things that can legally happen due to a single unpaid debt!  lol many people dont know this

[MaryJane197]

I was talking about from the same company. They cant list it more than once from the same company.

[rckstrscott]

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MaryJane197 wrote:

I was talking about from the same company. They cant list it more than once from the same company.

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Gotcha.. just wasn't clear in your post, sorry about that!

-scott