I have a charged off loan (from 99) that is being reported twice on TU. First, is the OC, the account is listed as a charge off and it has balances listed (incorrect ones). The second is from the collection agency. It is also listing balances (again , incorrect and different from the OC). The CA is listing it as a secured debt (which its not) as well. I haven't determined (yet) whether the account was sold to the CA or if they are collecting on it for the OC. Either way, can the OC report this debt like this? Right now it looks like two seperate charge-offs with collectible balances on both. (one note: the CA is reporting to all three CRAs, while the OC is reporting to only TU). How "should" the OC report this? Thanks in advance!!!
I had the same thing happen to me. I sent a certified letter to the credit bureaus telling them that these accounts were the same and to delete the items altogether, since it was obvious that at least one of them was being reported incorrectly. They investigated for 30 days then deleted both items. But I think there is another way to handle this kind of situation...a better way...but I'm not sure what to advise. Have you tried doing a search with the keywords "appears twice?" There should be some older posts which address this kind of situation. Is there someone else who can give Scout better information? Calmest_LA
Thanks for the quick replys! "0/balance transfered or sold" would seem right if the account was sold to the CA. But, what if the CA is just collecting for the OC? I haven't figured out yet whether it was sold or not. I did send a "not mine" dispute to TU about the OC listing two weeks ago. They sent a letter back a few days ago insinuating that I was using a credit repair co. (They also included the standard "we will conclude our investigation in 30 days, yadda, yadda" letter). The 30 days will be up around 7/15 so I guess I just wait and see if they verify or not. If they do, should I try validation with the OC next?
