answersLogoWhite

0


Best Answer

It happens and can be disputed. Call you credit card company or credit agencies.

User Avatar

Wiki User

โˆ™ 2008-11-01 22:17:29
This answer is:
User Avatar
Study guides

Credit

23 cards

What can a creditor do if you are in default on a credit card

What do you do when your application for credit is rejected

How can you get a loan with 470 credit score

Monique's previous credit card balance is 199.26 and she has a monthly finance charge of 1.5 How much will the credit card company assess in finance charges on this balance

โžก๏ธ
See all cards
4.33
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
6 Reviews

Add your answer:

Earn +20 pts
Q: Can a a credit company file the same account twice on your credit report?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Why is the same creditor on my credit report twice?

Is it for the same account or do you have another account with them?


Should you dispute an entry on your credit report that is listed twice as the same account and same amount but different account numbers if both are listed as individual debt and should be joint?

You should dispute and have this consolidated with the correct information. Not all creditors or people looking at the credit report would notice this was the same account.


How do I obtain my credit score history?

You can obtain your credit report for free through your credit card company twice a year. You can also request your credit history through equifax, transunion, or experian for a small fee.


If your debt with a judgment against you has been sold can the judgment still be on your credit report from the original creditor effecting your credit report twice?

No, it's the same account and the new creditor is simply taking over the same rights as the original creditor.


Is it legal for a repossession to appear twice on your credit report?

IT IS NOT ILEGAL FOR ANYONE TO HAVE A DEBT SHOW UP TWICE ON THEIR CREDIT REPORT. THE BEST THING TO DO IS CALL THE CREDITOR OR COLLECTION AGENCY THAT THIS DEBT IS UNDER AND HAVE THEM REMOVE THE EXTRA INFORMATION OFF OF YOUR CREDIT REPORT. ASK THEM TO REPORT IT TO THE BUREAUS IN ORDER FOR THIS TO BE RESOLVED.


How often should you check your credit report?

Some people wonder whether they really need to keep an eye on their credit report. They wonder whether it is necessary to check their credit score, credit report, and other relevant information. The truth of the matter is that you should check this information every couple of months. The more you check it, the smaller the chance that something bad can go unnoticed. When dealing with issues on your credit report, time is of the essence. The sooner you find out about things, the more likely it is that you can get those things taken off of your report.


How long does it take for negative information to be reported to the credit bureaus and show up on your credit report?

Most lenders report once or twice a month to the credit reporting agencies and usually on a specific date. This date depends entirely on the lender. So, it can take anywhere from one to thirty-one days.


If you file for bankruptcy twice will it appear on your credit twice?

Yes!


If original creditor charged off then sold it to a collection agency can they both report the debt where the same debt appears twice on your credit report?

no.This is in violation of The Fair Credit Act and The Fair Debt Collection Act.Report this to the FTC and your state attorney office.then look for a lawyer to sue them.


How can I correct a debt that was transfered and reported twice on credit report?

8 out of 10 people have negative, errors or derogotory items on their credit report. This can be disputed.As I was reading this question, it could be a timing difference between when each credit card reports your debt. It can either be cleared up in the month or if it is a debt that went into collections then see paragraph above.


Should a foreclosure appear on your credit report when the mortgage company initiates the process or after the foreclosure sale?

After the foreclosure is finalized and the property has reverted back to the lender. The original mortgage loan account shows in the "credit" portion of your credit report. The industry term for its' appearance is "tradeline". Ordinarly, mortgage loans, like other types of trade lines, remain with the original creditor for 180 days after they become delinquent. This is a standard amount of time and may vary according to your specific contract. After 180 days of not being paid, creditors normally take action. If the account is for a vehicle loan, an order for repossession is put into effect; if the account is a credit card, it is "charged off" or sold/transferred to collections (either in-house or outside collection agency); if the account is a mortgage loan, foreclosure proceedings are begun. This notation is then placed on the tradeline. A foreclosure, once filed, is a legal action. A separate listing of the legal filing then gets reported in the "public records" portion of your credit report. It shows the date the legal action was filed, has a separate period of time (commencing on the filing date)for how long it can show on your credit report and now needs a disposition. So the answer to your question is that a foreclosure notation may show twice on your credit report in different areas, both when proceedings have begun and after the foreclosure has been granted. The notice of foreclosure will show as soon as the process begins. This will show in the area of the usual tradelines where the lender is listed. When the foreclosure is finalized, there will be a paid date showing on the record. There will not be any notice in the Public Records section since it is not a court record.


How often do creditorslenders report late payments to your credit report once twice a month?

Most creditor/clients of the CRA's report monthly via automated tapes. Some creditors report sporatically, some never report. Some only report when you are late, like utility companies. Most creditors report on a 30 days cycle, but that isn't always the beginning or ending of the month. It will also take some time to report on your credit report. So probably you are looking at a 60 days turn around on most late payments.

People also asked