OCs reporting is of the payment history and other adverse items that occur on their account, and of the current debt balance.
Debt collector reporting is of their authorized authority to collect on a delinquent debt incurred with another.
The current balance reported under a collection thus is of the amount they are authorized to collect, and does not assert debt owed to them.
If the debt collector has also purchased the debt, their reporting then becomes both the amount they are authorized to collect and debt owned to them.
The OC must, upon sale of a debt, report the debt balance to now be $0.
It is thus not double reporting of the same debt.
Reporting by debt collectors is retained in an entirely different segment of the consumer's credit file, know as the K-segment.
Commercial credit reports often jumble information from the base and K-segments of a consumer's credit file.
As stated, that does not mean that the debt collector reported as a creditor.
