If a creditor assigns or sells your account to a collection agency, it is possible that the creditor and collection agency will list the same debt on your credit report. Multiple negative listings for the same obligation can lower credit scores and make it more difficult to get approved for a loan, buy a car, or refinance a home. These duplicates are not legal. What should you do?
Correct Your Credit Report
Even if you pay the debt, the duplicates could still appear on your credit report. If you spot a duplicate entry, write and dispute the credit report directly with the credit bureau.
You should include a copy of the report with the disputed item highlighted. Briefly state why this item is listed incorrectly. Attach any supporting documentation that will verify your claim. Send your letter to the credit bureau by through certified mail with a return receipt. The bureaus have 30 days to respond to your dispute.
Take Action and Get Results
If you are struggling to correct inaccuracies on your credit report, seek the guidance of a qualified credit report law firm. Obtaining good advice to resolve credit reporting errors may help in reaching future financial goals.