Collection Agency and OC (credit card company) reporting the same balance?

[furkidz3]

I have a charge off from Credit One bank (cc) showing a balance of $1159 as well as a collection agency (CACH LLC)  showing the same balance of $1159. If the collection agency is reporting the balance on my 3 CRs, shouldn't the OC show a balance of $0?

Or is that only when the OC has sold the acct, not if they have a CA collecting for them?

I understand that they can both report, but I thought one of them had to report a $0 balance.

[Anonymous]

Yes...dispute the OC on that basis if you wish.

Of course, if you can afford to pay the debt, you may wish to contact the OC and try to get a PFD. They would then pull the debt back from the CA and BOTH entries would drop off your credit report. That's the solution you really want.

[furkidz3]

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TheNewWorldMan wrote:
Yes...dispute the OC on that basis if you wish.

Of course, if you can afford to pay the debt, you may wish to contact the OC and try to get a PFD. They would then pull the debt back from the CA and BOTH entries would drop off your credit report. That's the solution you really want.

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Absolutely!!! Thanks for your reply, NWM.

[furkidz3]

I also have another duplicate balance reporting on TU and EX as both from the OC (another charged off cc with a much bigger balance $ 6450) and the CA (CACH LLC) reporting.

Since that balance is a little more out of my budget right now to do a PFD,  do I dispute the balance listed with the OC? Do you do that through the CRAs (TU and EX)? Or another way?

[Anonymous]

Make sure that you are past SOL!!!  Although when you contact them about one they will know about the other.   I would be very sure of SOL before doing anything!!!!

Message Edited by HappyDays on 04-19-2008 05:22 PM

[furkidz3]

So do you offer the PFD before you dispute the duplicate?

I thought only one of the 2 (either the OC or the CA) can show a balance on a charge off in collections.

If they are both listed on my CRs with a balance, doesn't that lower my FICO score because it lists and takes into account both those balances?