Two TL's for same account reporting

[Anonymous]

Hello,

I've got an issue but I'm not sure how best to resolve it.

On all three of my CR I have a CO from fashion bug/Spirit of America National Bank

It was paid in a settlement last year before I knew to ask for a PFD before doing anything.

Anyways, it was reporting as a settled account until January when it was reported as sold to another lender.

It's due to drop in November of this year 2010

Today, I noticed an account from a WFNNB/Fashion Bug on my CR that is listed as paid as agreed  zero balance with the remark: Settled for less that full balance.   It doesn't appear to be a negative account.

I'm not sure how to resolve this.  If fashion bug posted another TL don't they have to remove the older one?   and should I dispute this new account even if it's not reporting as negative.  The thing is the reporting date makes it look like this is a brand new credit account minus the remark notation but it's still the same account that should drop in November.

[Anonymous]

I would not touch it . 

[Anonymous]

Do you mean I shouldn't touch the negative trade line?    If so why?

[Anonymous]

It is due to drop off in November 2010 which is just around the corner.

When you settle with someone they can still come after you for the remainder of the balance.

By disputing or what ever, you could wake the sleeping dogs, so to speak.  It would still come off in November but they could be getting more money from you.

[Anonymous]

Really?   Even though I have written documentation that the account has been settled in full.

[Anonymous]

It has happened many, many, times, that a settled account will show up on your CR with the deficiency balance.  It is less likely to happen since you have a letter.

This account looks like the OC sold/transferred to another OC. 

If you want to take the chance, you can dispute one with the CRAs.  Neither one is showing a balance.  The mention of settled for less is normally construed as a negative.