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Yes actually they sell the account to differant collectors and will continue to blemish your rating until it is paid in full/ settlement or you request the item to be removed for lack of authenticity

AnswerSorry, a single account cannot be sold to multiple collectors at the same time. Sometimes a collector will update an account making it seem that the account is active,and the reporting data is in error, such as transposed numbers, or even the number of someone else's account. Regardless the reason, it should be brought to the attention of the credit bureau(s) and if found invalid,should be expunged.
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โˆ™ 2011-09-12 14:40:29
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Q: Can a collection agency report the same collection account under 2 different account numbers on your credit report?
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Related questions

Can a collection agency combine two different accounts that were with the same company and try to collect the total using one of the account numbers?

No. They would have to take separate action on each account owed.


Do you need to include account numbers for both the collection agency and the original creditor on your bankruptcy form?

Include the original account number if you are including the original creditor. Include the account number for the collection agency if you do not have the orignal creditor information and are including them as "Care Of" for service.


Can a collection agency continue to report a collection account to the credit bureau after the account is sold to another collection agency?

No, once a collection agency relinquishes their claim to the account by selling it they must remove all negative trade lines related to that account from your credit reports. Hope this helps ST


Can a collection agency freeze your bank account in NC?

No, it is illegal for a collection agency to garnish or freeze your account for any reason. The only way your account can be garnishes is if you owe taxes or child support. If a collection agency threatens to do this, tell them that you are aware of the Credit Reporting Laws on this matter (there is legal ground for this matter).


What does it mean when your credit report states that you have a paid closed collection account on you credit report?

The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.


Can the collection agency freeze your bank acct in Fla?

No. A collection agency can not freeze your bank account. Only a judge could do that.


Can collection agency put a lien on your bank account in sc?

It is possible for the collection agency to put a lien on your bank account. Before they can do this, they must go through the proper procedures first.


What is a Derogatory public record or collection?

== == A Deragatory record is an account that has had a history of late payments. A collection account is an account that was not paid on time or at all, and was closed by the creditor and sold to a collection agency.


Can my account be sold to another collection agency?

Yes.


Why original creditors sale accounts to a collection agency?

Original creditors sale their accounts to collection agencies when the account has been past due and they have not effectively collected. At that time, the original creditor will charge off the balance from their accounts receivable and turn the account over to a collection agency. When the collection agency collects the debt, a portion of the amount received is paid the the collection agency and the remainder is returned to the original creditor as profit.


How many times can a collection agency garnish your bank account?

Once a collection agency has gone through the procedure to garnish your bank account, they can do so as many times as necessary until the debt is paid.


What do you do if an account was turned over to a collection agency but the original creditor accepted your payment in full?

Contact the original creditor. Provide proof of your payment. They need to retract the account from the collection agency. The account could have been sold to the collection agency or simply assigned to them. For your purposes, it does not matter which situation applies. You paid the original creditor and your credit report needs to reflect this. After they do what they need to do to get the account back; you then dispute the entries with all three credit bureaus. The original account should show as a paid collection and the other collection account should be removed from your credit report entirely.


If your account is sold to a collection agency how to do you find out when it was sold and how old the account is?

When the collection agency contacts you, they have to give you the opportunity to request information concerning the debt. You will have thirty days to send a written request to dispute the debt. And to ask for confirmation of the original creditor, the amount owed, when the account was remanded to the agency, etc.


Once the delinquent account has been turned over to a collection agency the physicians office should do what?

Once a delinquent account has been turned over to a collection agency, the physician's office should stop billing.


In Colorado does a collection agency have the authority to levy my bank account without notifying me first?

A collection agency in any state would need to notify you first.


Can a collection agency freeze your bank account in NY?

If you are sued, then yes. First, the collection agency must try to collect from you. Then they can sue you if you don't pay. If they win, the judge can issue a judgment against you. And that is how they can freeze your bank account.


You had a credit card account which they charged off and sold to a collection agency ca Now you have that charge off which carries a balance and a CA collecting on the same debt What could you do?

It is unlikely that the account was "sold" to a collection agency. Rather, the agency was contracted to recover the debt. The "charge off" of the account only affects the original creditor, and represents a loss reported against the company's taxes. If the collection agency has attempted to recover the debt and has been unable to, the original creditor will likely pull back the account and refer it to another agency in hopes of greater success.


Can a collection agency increase interest on a charged off account?

Yes.


Can collection agency take money out of joint account in ct?

Yes they can.


Where do you pay collection accounts that are reported on your credit report when the company is out of business or no longer handles the account that was reported for collection?

You pay the collection agency.


Is it better to pay original creditor who still owns account or debt collection agency who is collecting for original creditor?

Paying the collection agency will clear up your account much quicker and some creditors will return the payment to you if you send it directly to them. Most creditors sign a contract with a collection agency and cannot discuss the debt with the debtor once they place it with the agency, they must refer all correspondence, communications and payments to the agency for the life of that contract.


If something is disputed and removed from your credit report can a different collection agency re-submit the same account?

yes, unless the original creditor has been disputed.


Do you have to pay the original balance on account that has been sold to collection agency?

yes


Can a collection agency freeze your bank account in New Mexico?

it's possible


What collection agency does Comcast go through?

I believe its Eastern Account Systems