Collections question

[Goeagles1231]

So on all 3 of my credit reports I have a collection from sequim assets or something like that. I have been trying to get it removed with no luck. Today in the mail I get a letter from ERC for the same account. Does this mean that the one in my credit report will go away and be replaced with the ERC? Thanks in advance for any info.

[Anonymous]

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@Goeagles1231 wrote:

So on all 3 of my credit reports I have a collection from sequim assets or something like that. I have been trying to get it removed with no luck. Today in the mail I get a letter from ERC for the same account. Does this mean that the one in my credit report will go away and be replaced with the ERC? Thanks in advance for any info.

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ERC is just as bad with not doing PFD.

It could mean a couple things either the first CA sold the debt to another CA or they enlisted another CA to help them collect on the debt.

I would take the golden opportunity to deal with the debt *before* ERC reports to the 3Bs. Tell them in exchange for payment if they would not report. You need to negotiate this beforehand, as they could choose to report later.

I did this with a Sprint. The CA went belly uo and they were pulled from my CRs and I contacted Sprint and said in exchange for payment if they would not report with another CA and they agreed. Done and no CA ever showed up!

Good luck!

[RobertEG]

While not a specifically regulated provision of the FCRA or the FDCPA, the big-3 CRAs have estabished their own internal policy that a first collection be deleted by the reporting debt collector if they lose collection authority and the debt remains unpaid.

That policy recognizes that a new debt collecto who then obtains collection authority on the unpaid debt can, at any time, then report their own collection, which would result in multiple concurrent collections on the same debt.

If you clearly have evidence that debt collector 1 no longer has active collection authority, such as a statement or call from another debt collector who asserts active collection authority, then yes, collection 1 should be deleted.

Send evidence to the CRA in a dispute of lack of deletion of the collection based on stated CRA policy.

[Anonymous]

This is a golden opportunity in my opinion. Try to negotiate a settlement with ERC before it gets reported and dispute the previous reporting as instructed above.