Can two or more collectors/creditors report to your credit report at the same time?
I had a credit card through BOA and after I lost my job I just let it go. Long story short...BOA reported it. After a while they sold it to a collection agency and they are now reporting it, but it is still showing as a charge-off and being reported on my credit report by BOA. Can they do this?
Asked By: momsrok9 - 3/16/2009
Best Answer - Chosen by Asker
Yes it's legal for both to show on your credit report but the BOA account should read charged off and have $0 balance.
Answered By: SPIFIMAN1 - 3/16/2009
Additional Answers (2)
Unfortunately yes, they can do that, but the original creditor must list the account as a charge off with a $0 balance.
Answered By: Crazyjester9 - 3/16/2009
Answered By: Gertie - 3/16/2009
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