05-16-2012 12:26 AM
05-16-2012 12:46 AM - edited 05-16-2012 12:48 AM
Multiple reporting of derogatory information on the same debt is both proper and common.
OCs report derogs that occur under their account. If referred or sold to a debt collector, the deb collector(s) can additionally report, even though their actions were based on the same debt. If a judgment is later obtained, additional reporting of that fact can be added. The commonality of the same debt does not prevent the reporting of multiple derogs that occur along the road to obtaining its payment.
Owing child support collectible in one state, with subsequent shifting of the obligation by moving to a new state, similarly results in two parties having authority to report your obligation on the debt.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO