I have three collections for the same old charge-off, is this right? Can you help?
When a collector sells a debt to another collector, or returns it to the original creditor they are supposed to remove the collection account entirely from your credit report. Unfortunately, collectors are often remiss. Hence the need for credit repair.
The bottom line, and an important credit repair fact, is that there should never be more than a single collector reporting a debt.
Coping With the Facts
Unfortunately, there is no incentive for a collector to remove a collection from your credit report when they sell the debt, nor a punishment for failing to comply, so they take the easy path and let the old collections remain.
Put Us To Work
If you see multiple collections for a single debt, all but one are out of compliance and can be removed. And given the speed at which collectors churn their portfolios these days, even the most recent occurrence may be erroneous. Yes, we can help. I suggest that you start our credit repair program and put us to work today.