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If a credit card was charged off 5 years ago and has since been sold to 4 collection agencies and each has reported it as bad debt do all 5 reports affect your credit or is it seen as one trade line?

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Wiki User
2005-10-07 07:44:34
2005-10-07 07:44:34

All 5 reports affect your credit. Companies look at the number of negative reports on a persons credit. The number of reports will affect your credit score. Companies do this in order to: a) Get their money b) basically persuade you to pay the balance.

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You should be able to do this by obtaining your credit report. You are entitled to one free report per year from each of the three credit reporting agencies. Log on to experian.com, from there you can get all three reports which will show any reported outstanding debt.

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An easy way to find out what collection agencies you owe money to is by pulling your credit report. Credit reports will list balances with all creditors as well as if any balances were turned over to collection agencies.

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If you are not a company that reports unpaid debts to the credit bureau's, you can turn the debt over to a collection agency who does report. The other way is to obtain a judgment against them and it will automatically be reported by the courts.

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Yes, unpaid medical bills will be reported to credit bureaus not to mention the collection agency that the medical facility will pursue.

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Collection agencies don't manipulate your credit or remove accounts from your credit. The credit bureaus themselves are repsonsible for maintaining accurate reports, but because the credit is yours, you should check you reports at least once a year to ensure their accuracy.

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i have been reported a bunch but on every one of my accounts i only been reported 3 times then an account bann so im quesing you can only get reported 3 times and thanks to Jason skullblood and Julia stardreamer for reporting me (y should their even be reports

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I know that newspaper reports are reported by reporters.

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You can get free copies of your credit reports once a year and check them to see what accounts have been placed with collection agencies. You can contact those creditors for the agency information. The debtor need not be concerned about such matters as it is a certainty that the collector/creditor will be in contact with them in one manner or another.

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No,the Reports are confidential so the user being reported does not know that they have been reported.

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they read the reports that they reported in the past.

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If the OC has reported it to your reports as delinquent and the CA adds a negative entry as well, your score will be greatly affected

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Special reports are limited to specific businesses or companies and are provided under contract. These reports are more extensive than the general reports and contain background as well as general information.

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Get a copy of all three credit reports, then dispute them. The credit reporting agencies will contact the creditors to verify. If the collection agencies do not report the items paid, you will need to contact the collection agencies individually, and provide them with proof of payment. Do this by certified mail, with a letter advising them to correct the records within 30 days. If they do not, you may have recourse thru the FTC under the Fair Credit Reporting Act.

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As far as we know, there is no "official" record. However, here are some reports of the largest collections of Bouncy Balls from our community:One large collection is in Wisconsin. It has 5,453 bouncy balls in it.Another user has reported a bouncy ball collection that contains 10,256 bouncy balls.

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Nearly all personal and financial information is tied to your social security number (SSN). With your SSN, the collection agency can run in depth background checks, credit reports, and verify identity. It is also necessary to have an SSN sometimes for verifying employment.

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i think it is something to do with the police when someone reports you.

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General agencies furnish general and special reports. General reports are leased by subscribers on a quarterly basis and contain information on capital (based on financial statements), and credit, denoting the grade of credit ratings

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Get a copy of your credit report from the three major credit bureaus. You can get one free copy from each per year by law. You can obtain this free copy at http://annualcreditreport.com (see link below). These reports should have the contact info of your creditors (and collection agencies) listed. Google / Phone book combination is the best.

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Typically, specific accounts will not be reported to the credit agencies after seven years, whether in good or bad standing. However, check your credit reports periodically. Not only is this a good idea to prevent fraudulent activity, but sometimes accounts continue to be reported after the seven year mark.

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it depends on how bad the thing u did to get reported was

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No, actually a paid collection is just as bad as an unpaid collection, they both are negative information reporting to your reports

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In most cases, no. Very few police agencies make their reports available online, although there are some exceptions. Even those agencies don't make all reports available, but will release some.

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No, although the statute of limitations for your account may only be 4 years, the account may be reported by the 3 credit reporting agencies for 7 years from the date of first derogatory.

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Yes - the loan, if reported, would be reported on both parties credit reports.


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