By getting paid collections removed and charge-offs soon reaching 7 years, my report will be clean except one account. Please help! The account is a repossesion (I am no deadbeat! It was totally unavoidable on my part!) I just pulled my Equifax online and the account appears under 3 headings: Under Credit Information: Name Account Balance Status ABC Com 12345 XDollars 120+ Days Past Due Under Collection Accounts: Client Account Balance Status Collect'n Agency ABC Com 7891 YDollars Unpaid Collector, Inc Under Delinquent Records: Company Account Balance Past Due ABC Com 12345 XDollars ZDollars As you can see, this same account has two different balances with 2 different account numbers! Not only this, the ABC has a report date of 10/2001 and Collector has a report date of 11/2001. They both are reporting the same account with two sets of information. Is this legal! I hope not. I recently aplied for a loan for some equipment for my in-home business. The first question the lender asked, "What are these two accounts?" I had to explain that they are the same account. The lender stated "Are you aware that they are being reported as two seperate account?". I was approved for the loan but turned it down because of the incredibly high interest rate. How do I get this corrected? Because the debt is almost 3 years old and the limitation is 4 years in my state, I am afraid that the creditor will seek judgement if I contact them. Any advice is appreciated.
