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How can two CRA report the same info????? Please Help!!!!!!!!!!!!!!!!!!!!!!!!!

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Anonymous
Not applicable

How can two CRA report the same info????? Please Help!!!!!!!!!!!!!!!!!!!!!!!!!

EX is reported the same info. Apparently, one of the CRA sold the acct to another CRA and now both are reporting on EX but not EQ or TU. How do I address the situation and is that legal.

 

Please help as it lowering my score with EX!!!!!

Message 1 of 11
10 REPLIES 10
atarvuzdar
Established Contributor

Re: How can two CRA report the same info????? Please Help!!!!!!!!!!!!!!!!!!!!!!!!!

If a creditor sells an account to another creditor, both are allowed to report the information on your report--though the first creditor should indicate no balance and closed since the account was sold.

FICO 8: EQ 846 / TU 836 / EX 832
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Message 2 of 11
p-
Valued Contributor

Re: How can two CRA report the same info????? Please Help!!!!!!!!!!!!!!!!!!!!!!!!!

Message 3 of 11
Anonymous
Not applicable

Re: How can two CRA report the same info????? Please Help!!!!!!!!!!!!!!!!!!!!!!!!!

I've learned that multiple CAs can report the same debt, as well as the OC (if the OC hasn't sold the debt...rather, just assigned it). I have one account being reported for the same balance by the OC and 2 separate CAs. Sucks.

Message 4 of 11
annielorie
Valued Contributor

Re: How can two CRA report the same info????? Please Help!!!!!!!!!!!!!!!!!!!!!!!!!

Im no expert but the fcra clearly states that duplicate information should be deleted


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Message 5 of 11
llecs
Moderator Emeritus

Re: How can two CRA report the same info????? Please Help!!!!!!!!!!!!!!!!!!!!!!!!!

Message 6 of 11
annielorie
Valued Contributor

Re: How can two CRA report the same info????? Please Help!!!!!!!!!!!!!!!!!!!!!!!!!

do you mean collection agency becauwse the cra's have not vested interest


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

Lowes7,000 Discover More 2800. Jcpenny 6,000
Chase freedom 800 Never take NO for an answer!!
Message 7 of 11
RobertEG
Legendary Contributor

Re: How can two CRA report the same info????? Please Help!!!!!!!!!!!!!!!!!!!!!!!!!

There is nothing in the FCRA that requires one party to delete their reporting of accurate information based on another party also having authority to report their own activities or information.

Many debt collectors will delete their prior reporting upon termination of collection authority, if for no other reason than to foreclose having to address any subsequent FCRA disputes over their reporting, but it is not mandated.

 

The separate reporting by two debt collectors is NOT duplicate reporting of the same information.  They each had or have their own legitimate collection authority, at different times.  What would be improper is for two debt collectors to report simultaneous collection authority.

 

A collection is not necessarily the reporting of any debt owed to them.  They may only be an assignee of collection authority.  They are reporting collection activity on the debt.

 

I see no basis for compelling deletion of either.

Message 8 of 11
Anonymous
Not applicable

Re: How can two CRA report the same info????? Please Help!!!!!!!!!!!!!!!!!!!!!!!!!

YES I MEAN CA!!!!

Message 9 of 11
Anonymous
Not applicable

Re: How can two CRA report the same info????? Please Help!!!!!!!!!!!!!!!!!!!!!!!!!

Each CA is reporting a the same amount due. So how can the first CA report a balance due when it isn't even their account anymore?

Message 10 of 11
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