Can a debt be reported twice to the credit bureau?
Fawad asked:
Once by the original creditor and then by the collection company?….keep one thing in mind that the statue of limitation is 3 years on credit card collection(Alabama) and the original debt is in default since 2001.
I think it is not legal becuase If I owe $$ to Credit card and they sell their account to collection agency, which later sells it to another collection agency, how this second collection agency report that very same debt to credit bureau, when it is already been reported once?
Please advice with web link, phone # where I can ask to get this concern answered….I already check FTC.gov but could not find answer to this specific question.
Suzanne
Once by the original creditor and then by the collection company?….keep one thing in mind that the statue of limitation is 3 years on credit card collection(Alabama) and the original debt is in default since 2001.
I think it is not legal becuase If I owe $$ to Credit card and they sell their account to collection agency, which later sells it to another collection agency, how this second collection agency report that very same debt to credit bureau, when it is already been reported once?
Please advice with web link, phone # where I can ask to get this concern answered….I already check FTC.gov but could not find answer to this specific question.
Suzanne