Hi... I thought I read in one or two fo the strings that it is a violation to have 2 tradelines for the one account? Is that accurate? And if so, which law/code is that? DOes this situation fit this violation??: Have a listing from Providian that was just charged off and another lisitng by Arrow Financial Service for the account. listing it as collection Thanks in advance for your help with this one!! -Robyn
Re: Re: 2 TradeLines for 1 acct is it legal You need to keep in mind however, that if Providian is showing a balance, its only a non-sueable violation, until you ask that they verify the trade line, and as long as they report a zero balance then, it is in compliance. With a data furnisher only half of the time when they report information can you actually sue them for it, that is only when you actually force them to update by disputing the trade line through the credit reporting agency. Any other time that they report, it isn't actionable by you, but the Federal Trade Commission or state AG's office could take action on your behalf (if there are enough consumers in similar circumstances to warrant it)
I believe I have a similar problem w/ Providian Bankcorp. From TU: Providian Opened: 8/2000 Closed: 9/2001 Updated: 10/2002 Balance: $799 Status as of 10/02: Charged off as bad debt Unifund CCR Partners (same acct # as Providian is listed) Opened: 12/2002 Closed: 10/2003 Updated: 02/2004 Balance: $921 Most Owed: $799 Status as of 02/04: Collection Acct (listed as Open Acct/Factoring Company Account) Equifax shows different dates but does appear to indicated they charged off in 09/01. The Experian report (from 7/03) does not show the Unifund at all but does show Providian w/ similar info as TU. The apparent problem to me is the aging of the Unifund. It appears to me that Unifund re-aged the account. I do not know if Unifund is a "purchaser" or was "assigned". Possible violations: - Unifund listed as open acct? - Unifund has wrong Open/Closed date? - Unifund shows higher balance than Providian?
Okay let me give a little more info on this one. Experian Says: 1. Providian DO 5/1999, Rep Since 5/1999 Date Status:5/2002 Last report 11/2002 balance: $602 (which is actually inaccurate, it is $58) acct charged off/past due 150 days $602 written off creditor's statement: acct closed at credit grantor's request. I actually closed this account to stop fianance charge and had a final pay that they did not cash (???) 2. Arrow Financial DO 12/2002 Rep SInce 11/2001 Date Status: 11/2001 Last Report 2/2003 balance: $764 (????????????????) collection acct TU says: 1. Providian: Closed by credit Grantor Opened: 5/1999, Updated 5/2002 most owed $772, 120 days late 2. Arrow is REMOVED!!! EQ says: 1. Providian DO 5/1999 Balance: $602 reported 11/2002 balance $213 status: Charge-Off 2. Arrow Balance Owed $668 Bal Date 5/2003 date of last act 11/2001 Okay advice advice advice.. I want to try and get the original $58 paid AND go for the removal.. thoughts, comments.. HIDING90.. if you don't have anything positive to say, then just skip this one okay? THANKS!! -Robyn
