Hi all! I just started working on some credit repair and have begun my first dispute letter. I have ran into a couple of questions and would like some advice as to what to do in these situations. First, I have the same debt listed twice under two different collection agencies. Can this be done? Can I dispute this? And second, this is the first time that I have ordered my credit report. A few of the inquiries had errors (dates, amounts) but were reported as updated within the past couple of months. Should I dispute these now or wait a few months? TIA! Eric
You can certainly dispute a single debt being reported by two collection agencies. If it's being reported by the original creditor as well, it's a triplicate, and that's also a no-no. Dispute all of it, in an effort to have everything removed. You have nothing to lose. If you're going to dispute the inquiries, dispute them with the creditors, not the CRA. If you haven't already, check out Carreon and Associates's website at www.carreonandassociates.com for some excellent advice on handling this.
disputing with the creditor first is often the easist way (unless it's Fleet Bank), as they can send a fax and have the item removed.
RE: Newbie Questions...Doris K Doris, Are you saying that the original creditor and the collection agency both can not report at the same time? I thought they could! At least that's what the CRA told me. Can the orginal creditor and the collection agency report at the same time to different CRA's?
Kristi?...You there? My understanding is that they cannot. If I'm not mistaken, I've seen this in quite a few posts from Kristi of Carreon and Associates. Kristi, if you've found this post, could you please address this? Thanks!
RE: Kristi?...You there? Sure Doris, The way this works is that the debt must be acurrate. It is acurate to have the original creditor say something like: "was 90 days-transfered or sold" then the new owner, say ABC collections can have "charged off- in collections". Both CANNOT put it as a collection account. If the debt has been sold or transfered it must reflect as such with only the collection rating being listed by the new owner. This is one of the most common duplicate entries one sees. If you don't catch it and question it, no one will. Kristi CarreonandAssociates.com Doris K. wrote: ------------------------------- My understanding is that they cannot. If I'm not mistaken, I've seen this in quite a few posts from Kristi of Carreon and Associates. Kristi, if you've found this post, could you please address this? Thanks!
