Dariusr Posted February 7, 2007 Report Share Posted February 7, 2007 I had a MBNA/BOA account that was sold to Hilco Receivables. I owe $2039 on the account and Hilco is showing up twice on my report. Once as a CO regular account and once as a Collection account. I still have the OC CO on my credit report as well. Can someone tell me if this is legal? Can one account be reported three times as CO? Has any one settled with Hilco in the past? Hilco has hired third party collection agency to recover the debt. They have offered to settled for less, but they have only agreed to a "settled" comment on my credit report. I would greatly appreciate any advice. Link to comment Share on other sites More sharing options...
willingtocope Posted February 7, 2007 Report Share Posted February 7, 2007 Sounds to me like all 3 listings would be correct...The OC should have a $0 balance and "sold to another lender"...Hilco would have an entry as JDB...they might list themselves as a "factoring company"...And, whoever the CA is that collecting for Hilco (might even be a subsidiary of Hilco)...Settling now is questionable. First of all Hilco only paid pennies on the dollar for the right to hassle you. You really don't owe them anything. If you do settle remember they can't do anything about the OC's TL on your reports, but unless they agree (in writing) to delete their entries, there's just no reason for you to give them money. Link to comment Share on other sites More sharing options...
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