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New Member
Posts: 1
Registered: ‎08-18-2009
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Reporting Two Times

Hi How is Everyone doing. This is the first time I have posted anything to the message boards, but I have been reading the message boards for years. I am working on getting my husband and my credit back on track. On my husbands Equifax report he has an item reporting two times. He had a credit card from Best Buy that was charged off. The card is reporting from Best Buy and Capital One. I know Capital One bought over the account from Best Buy.

So, Last month I disputed this account with Equifax that they were reporting the same account twice. They completed their investigation and the information was updated. The two trade lines are mirrors of each other. Both of the trade lines have the same acct number, balance, date open and closed. The only difference in the two is the OC. Isn't this illegal. Should I dispute this again with Equifax or the OC?

 

Thanks in advance for your help.

Moderator
Posts: 28,671
Registered: ‎12-13-2013
0

Re: Reporting Two Times

The CFPB is your friend in this case, file a complaint.

Established Member
Posts: 54
Registered: ‎02-05-2014
0

Re: Reporting Two Times

So strange, I just posted an almost identical question. I'll delete it now. Can they report 2 different balances? And gdale, what do you mean about CFPB? Sorry, I'm still new and you have personally answered 99% of my questions!

Valued Contributor
Posts: 2,669
Registered: ‎04-25-2011
0

Re: Reporting Two Times


flustered wrote:

So strange, I just posted an almost identical question. I'll delete it now. Can they report 2 different balances? And gdale, what do you mean about CFPB? Sorry, I'm still new and you have personally answered 99% of my questions!


Your question is different, I saw your original thread.

 

You are asking, can an OC and a CA report the same account? This question was can TWO OC's report (since Cap1 bought HSBC)

 

In the OPs case, I agree with the CFPB, because Cap1 IS HSBC, they both shouldn't showing...

 

In your case, if a OC assigned a debt to a CA, they can both report balances... If they SOLD it, the OC needs to show a 0 balance, but both can report.

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX
Valued Member
Posts: 38
Registered: ‎07-15-2013
0

Re: Reporting Two Times

Don't mean to jump in on the wrong thread - but I've just found duplicate TL reporting on EX.  New auto loan TL made it's appearance.  Experian has 2 entries - 1 is correct with complete information - reflects open and in good standing etc.  The second entry is a duplicate with almost no information and reflects a "paid account with zero balance".  This is not so with EQ or TU.  Please see below:

 

Correct

Status as of  Jan, 2014

Date opened [?] Dec, 2013 

Loan type [?] Auto Loan

Terms [?] 37 Months

Account Type [?] Installment

Account holder [?] Individual

Scheduled Payment Amount [?] $XXX

Industry  All Banks – Non-Specific

This is an account in good standing

 

 

Incorrect or Duplicate

Status as of  Dec, 2013

Date opened [?] Dec, 2013 

Date of last activity [?] Not Available 

Loan type [?] Secured Loan

Terms [?] 37 Months

Account Type [?] Installment

Account holder [?] Individual

Industry  All Banks – Non-Specific

Paid account/zero balance

 

Do I approach EX or OC to have the erroneous entry removed?   Much thanks!


Starting Score: 558
Current Score: 676
Goal Score: 720


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Valued Contributor
Posts: 2,669
Registered: ‎04-25-2011
0

Re: Reporting Two Times


ceecster wrote:

Don't mean to jump in on the wrong thread - but I've just found duplicate TL reporting on EX.  New auto loan TL made it's appearance.  Experian has 2 entries - 1 is correct with complete information - reflects open and in good standing etc.  The second entry is a duplicate with almost no information and reflects a "paid account with zero balance".  This is not so with EQ or TU.  Please see below:

 

Correct

Status as of  Jan, 2014

Date opened [?] Dec, 2013 

Loan type [?] Auto Loan

Terms [?] 37 Months

Account Type [?] Installment

Account holder [?] Individual

Scheduled Payment Amount [?] $XXX

Industry  All Banks – Non-Specific

This is an account in good standing

 

 

Incorrect or Duplicate

Status as of  Dec, 2013

Date opened [?] Dec, 2013 

Date of last activity [?] Not Available 

Loan type [?] Secured Loan

Terms [?] 37 Months

Account Type [?] Installment

Account holder [?] Individual

Industry  All Banks – Non-Specific

Paid account/zero balance

 

Do I approach EX or OC to have the erroneous entry removed?   Much thanks!


Are both showing the same account number and OC?

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX
Valued Member
Posts: 38
Registered: ‎07-15-2013
0

Re: Reporting Two Times

Yes.  Identical.  Only difference is that the 2nd entry appears almost to have opened and closed in the same month with zero balance.  My EX score has also dropped like a hot potato. 


Starting Score: 558
Current Score: 676
Goal Score: 720


Take the myFICO Fitness Challenge
Epic Contributor
Posts: 22,398
Registered: ‎01-17-2008
0

Re: Reporting Two Times

If I am reading this thread correctly, and I very well may be missing something but, if you have a CC reporting and it is bought by another, it is legal for both of them to report under their own names.

 

Even if the TLs are the same except for the OC names.

 

 

Epic Contributor
Posts: 22,398
Registered: ‎01-17-2008
0

Re: Reporting Two Times


ceecster wrote:

Don't mean to jump in on the wrong thread - but I've just found duplicate TL reporting on EX.  New auto loan TL made it's appearance.  Experian has 2 entries - 1 is correct with complete information - reflects open and in good standing etc.  The second entry is a duplicate with almost no information and reflects a "paid account with zero balance".  This is not so with EQ or TU.  Please see below:

 

Correct

Status as of  Jan, 2014

Date opened [?] Dec, 2013 

Loan type [?] Auto Loan

Terms [?] 37 Months

Account Type [?] Installment

Account holder [?] Individual

Scheduled Payment Amount [?] $XXX

Industry  All Banks – Non-Specific

This is an account in good standing

 

 

Incorrect or Duplicate

Status as of  Dec, 2013

Date opened [?] Dec, 2013 

Date of last activity [?] Not Available 

Loan type [?] Secured Loan

Terms [?] 37 Months

Account Type [?] Installment

Account holder [?] Individual

Industry  All Banks – Non-Specific

Paid account/zero balance

 

Do I approach EX or OC to have the erroneous entry removed?   Much thanks!


I would leave it.  It is an account in good standing.

 

It does say it is a secured loan though.

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