One collection account showing up multiple times with multiple amounts and open dates. Help!

[Anonymous]

I have a credit card that was charged off by Providian. It was then sold to a collection agency and then sold to another. Can all 3  show up on my credit report? The original balance was around $4000 and the second agency shows I owe over $8000 and the third shows over $11000. On  my report it is showing I owe over $20,000 in collections. The last payment I made was in December of 2003 and the second and third agencies are showing open dates in 2006 and 2007.  I have disputed them but they come back as verified. Is it legal for an agency to keep showing on my report after they sell it to someone else and is it legal to keeping adding to the amount and changing the open dates?  If it is not how to I fix this?

[SmartCookie]

Send a DV letter to each and every one of the CAs CMRRR to start.

Try and dispute again with the CRAs around a week after you send out your DVs.  Use a different reason if possible, and mail it to the CRAs CMRRR as well.   Make sure you do not re-dispute off of the free FACTA annual reports... this gives more time to investigate, and that works against you.

Anything that remains after your disputes you need to MOV to the CRA on to find out exactly how they are saying they verified the info.  This is a step towards an ITS letter to CRAs for inaccurate reporting.

Regarding the original debt with Providian, what was the DOLA/DOFD date and is this within your state's debt collecting SOL still?

Message Edited by SmartCookie on 01-02-2008 07:45 PM

[Anonymous]

I had the same thing w/Providian.  DOFD/DOLA was 9/2002.  LVNV bought the account 4/2004, however they along with the CBs have to use the DOLA date for reporting purposes.

LVNV can report it as open 4/2004 because that's when they bought it.  Back when I was naive about all this I didn't notice they reported it twice, by changing the account number slightly (they changed the second listing so the first few digits were now alpha), and I disputed like crazy, NOTHING - just "verified".

When one JDB seriously got me (yes, they can keep adding interest) before I knew what to do, they lied to the Court and said I never responded - auto default against me and wiped out my account.

About two weeks after this happened, LVNV had hired a CA, I immediately sent a notice stating there was no such debt, provide validation - NO response.  Two months after that, another one came out (Fred Hanna), sent them the same notice, not a peep.  The third CA, a local law firm, sent me the exact same notice ONE month after that (all in 2005).  I disputed with the same letter AGAIN, - not a word for 3 months, then they started their stupid action...we already had one hearing, next is trial in April this year to determine any amount.  Good news is I have the original statement from when I first defaulted so at the most, that's what I'm offering because they only paid about $13.28 for the account.

Sorry for the long/short story but yes, they'll keep passing it around until one CA can get you - but be SURE to send them consistent DV letters CMRRR because they will try to sue without providing the right documentation - they'll give you statements but NOT how they came to the amounts.  To get to $20k on $4k in 3 years is assinine unless they are the IRS!

Fight them all the way - I'm filling out the paperwork right now against LVNV for small claims to go after the verification of duplicate account reporting since they still verified it as accurate as late as August this year, that's the date I'm using as violation, and the financial damage blows.

Message Edited by beach123 on 01-02-2008 09:35 PM