56chuck Posted January 22, 2005 Report Share Posted January 22, 2005 I have two listings for the same account #.This was a Sears account.The first listing is as follows. CBUSASEARS Acct # 5541***** Date Open:11/1996 Date Reported: 12/2004 Date of Last Payment: 07/1999 Current Status: 120+ Days Past Due Activity Descrition: Transfered/Sold The second account is listed as....... PORTFOLIO RECOVERY ASSOC. ACCT. #5541***** Date Open:n/a Date Reported: 12/2004 Date of Last Payment: (blank) Current Status: 120+ Days Past Due High Credit: $404 Amount Past Due: $404 This is the same account! Can they list one as the OC and one with the Collection Agency?It is making it look like it's two different Accounts.I also have a different tradeline that is listed twice.But one listing reports pays as agreed while the other list as amount owed $2,199 and says CHARGED OFF.They both have the same account #.One of these accounts is listed in my mortgage coloumn on my report and it is not a mortgage.I can post more on this in the next few days.I want to get advice on the first one first then this one will come next! Thanks for the Help! Link to comment Share on other sites More sharing options...
DocDon Posted January 22, 2005 Report Share Posted January 22, 2005 Actually, it's not quite the same account. It appears PORTFOLIO RECOVERY ASSOC. bought the bad debt from CITI (Sears).CBUSASEARS is listing it incorrectly as "currently past due 120+days". No, it's not. It can't be since it's been sold and they no longer own the account. Dispute this.PRA buys the account and conveniently leaves out the "date of last payment", which disguises the SOL (statute of limitations).What state are you in? Link to comment Share on other sites More sharing options...
56chuck Posted January 22, 2005 Author Report Share Posted January 22, 2005 I'm in NC and I believe the SOL is three years so this is past SOL.So should I disput both or the CBUSASEARS only? Link to comment Share on other sites More sharing options...
DocDon Posted January 22, 2005 Report Share Posted January 22, 2005 I see NC as 4 years. Doesn't matter - it looks like the SOL has expired.Yes, dispute CBUSASEARS. The info reported is erroneous.Then I would notify PRA that the SOL expired. They know the SOL expired, because it's their business to know - (they probably just bought a bulk of bad debt, and figured they'd go fishing), and with this knowledge, decided to place derrogatory information on your reports to extort money from you that you are no longer liable for. Demand they delete and discontinue any collection activity. Link to comment Share on other sites More sharing options...
adminppdotcom Posted January 23, 2005 Report Share Posted January 23, 2005 Make sure to find out for sure that Sears SOLD the account. IF they merely transferred it, it's a little different. Also, IF they SOLD the account, find out the date. There is a HUGE class action going now for Sears pulling credit reports AFTER the accounts are sold or included in BK.Do understand that SOL does not effect debt collection activity. A debt collector can attempt to collect a debt forever, unless you are in WI.Sending a SOL letter only protects you from them suing AND collecting on a time-barred debt. It does not require them to change or especially delete their trade line. But if they know they consumer knows they cannot sue, they might just delete it.Hope that clears it up a little Link to comment Share on other sites More sharing options...
56chuck Posted January 23, 2005 Author Report Share Posted January 23, 2005 The listing aboe is on my Equifax report and states transfer/sold in activity description.On my Experian report it states Status :Closed Past Due:Seriously past due date/assigned to an attorney,collection agency, or credit grantors internal collection department Payment Status:Transferred to another lender or claim purchased On my Transunion it states Date Open: 11/01/1996 Date Reported:12/17/2004 Past Due: $0 Status:Collection/Chargeoff Remarks:Collection Account Purchased By Another Lender High Balance:$1226 Condition: Closed(Paid) Limit: $1500 In the Portfolio Recovery listing on the Equifax listing it has Type of Loan:Factoring Company Account(debt purchaser) So has it been sold? What should I do next? Should I join the class action? Link to comment Share on other sites More sharing options...
adminppdotcom Posted January 23, 2005 Report Share Posted January 23, 2005 So has it been sold? What should I do next? Should I join the class action?Call Sears and ask if in fact it was sold. (looks like it was)The Class Action is about permissiblepurpose, not how they report it. If they have ANY inquiries AFTER they SOLD the account, you are in the class. Link to comment Share on other sites More sharing options...
blrogs Posted January 23, 2005 Report Share Posted January 23, 2005 Adminppdotcom ? Can you tell us where to find a link on this sears suit ? Thanks Link to comment Share on other sites More sharing options...
adminppdotcom Posted January 23, 2005 Report Share Posted January 23, 2005 Adminppdotcom ? Can you tell us where to find a link on this sears suit ? ThanksI would post the link, but I have agreed not to post links to other sites.But here is the address of the Pres :Alan J. Lacy, President Sears Roebuck and Co. 3333 Beverly Road, B2100B Hoffman Estates, IL 60179-0001 Link to comment Share on other sites More sharing options...
DocDon Posted January 23, 2005 Report Share Posted January 23, 2005 So post the case. There's plenty of room. Link to comment Share on other sites More sharing options...
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