S loan listed 2X, 1X for origi

Discussion in 'Credit Talk' started by molly, Oct 5, 2000.

  1. molly

    molly Well-Known Member

    Can a school list a $480 loan twice, both under their name, once for the original loan and once for a collection. Heres an example:

    ABC SCHOOL STATUS:pAID/PAST DUE 180 DAYS
    ACCOUNT # 3841222.....
    $480.00

    THEN AGAIN,

    ABC SCHOOL STATUS: PAID/COLLECTION ACCOUNT
    ACCOUNT # 412554315....
    $480.00

    This appears on my Experian report only. I have done research and I know that they are the same loan. Can they (the school),legally list it twice? As you may have noticed the account numbers are different but it is the same loan. Their collection department did the collecting it was not done by another company.
     
  2. roni

    roni Well-Known Member

    RE: S loan listed 2X, 1X for o

    as per experian and the ftc, YES!
     

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