chester1886
Junior Member
What is the name of your state?What is the name of your state?Maryland
This is another question from my previous one
I beleive I have come to a decision of paying off the debt but I do have some other questions that maybe you or someone else can help me with.
I received copies of my credit reports and when it comes to this particular debt I am kinda confused.
My TransUnion reports doesn't show the debt at all, Experian shows the debt once of course under negative marks but it also says the debt has been transferred to another office. After that the dollar amount and no other agency shows on the Experian credit report. Now the last one Equifax shows the debt three times. Twice for the same amount which is $7,104.00 but it shows two different account numbers and then the third time it shows a amount of 7,190.00 and this one has a different account number as well. All three say that the account is "written-off".
Needless to say that my Equifax credit report has the lowest FICO score of all three credit bureaus.
My first question is with this showing three differenct times with different account numbers does it mean this account had been sold numerous times?
What I have done so far is: Last year I tried contacting the agency in order to figure out a payment agreement. They were not willing to talk with me and then when I called again the person said "Oh, this has already been written off". Next about a few days ago I wrote a letter to Experian requesting this debt only show up once on my credit report. The main reason I wrote the letter is that I am already in past debt of about $12,000.00 but the Experian my outstanding debt is not only the $12,000.00 that shows on the other credit reports but an additional $21,398.00 therfore Experian report makes it look as though I am $33,398.00 in debt. All from the one $7,104 that shows up twice and the $7,190.00 that shows up once.
I really wouldn't mind seeking a 1099-C and claming this as income ($7,104.00) in order to settle this when I really don't have the extra funds sitting around. My addtional fear is if I go the repayment route and I can't make large enough payments then I am sure I will accure interest on this amount as long as there is a high balance.
More questions.... Do companies normally report negative information multiple times with different account numbers when it is the same debt? Or could this be from the account being sold to another collection agency? The funny part is that this debt has the same company information on it and not a collection agency the second and third time. The only thing that is different are the account numbers.
I feel lost with this one.
This is another question from my previous one
I beleive I have come to a decision of paying off the debt but I do have some other questions that maybe you or someone else can help me with.
I received copies of my credit reports and when it comes to this particular debt I am kinda confused.
My TransUnion reports doesn't show the debt at all, Experian shows the debt once of course under negative marks but it also says the debt has been transferred to another office. After that the dollar amount and no other agency shows on the Experian credit report. Now the last one Equifax shows the debt three times. Twice for the same amount which is $7,104.00 but it shows two different account numbers and then the third time it shows a amount of 7,190.00 and this one has a different account number as well. All three say that the account is "written-off".
Needless to say that my Equifax credit report has the lowest FICO score of all three credit bureaus.
My first question is with this showing three differenct times with different account numbers does it mean this account had been sold numerous times?
What I have done so far is: Last year I tried contacting the agency in order to figure out a payment agreement. They were not willing to talk with me and then when I called again the person said "Oh, this has already been written off". Next about a few days ago I wrote a letter to Experian requesting this debt only show up once on my credit report. The main reason I wrote the letter is that I am already in past debt of about $12,000.00 but the Experian my outstanding debt is not only the $12,000.00 that shows on the other credit reports but an additional $21,398.00 therfore Experian report makes it look as though I am $33,398.00 in debt. All from the one $7,104 that shows up twice and the $7,190.00 that shows up once.
I really wouldn't mind seeking a 1099-C and claming this as income ($7,104.00) in order to settle this when I really don't have the extra funds sitting around. My addtional fear is if I go the repayment route and I can't make large enough payments then I am sure I will accure interest on this amount as long as there is a high balance.
More questions.... Do companies normally report negative information multiple times with different account numbers when it is the same debt? Or could this be from the account being sold to another collection agency? The funny part is that this debt has the same company information on it and not a collection agency the second and third time. The only thing that is different are the account numbers.
I feel lost with this one.