credithelp2013

How many times can a CA report the same debt to the Credit Bureau's

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I have a collection agency reporting an alleged debt on my credit report. This has been reporting by them for a couple of years. Yesterday I received a credit alert that new potentially derogatory information has posted to my credit file. When I looked at my credit report the new information was the same alleged account that the colllecction agency had already been reporting. Will this new reporting affect my credit score? Can a collection agency re- report the same infformation?

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@credithelp2013

 

Is the debt being reported by the same CA, or is it a different CA that's reporting the account?

 

If it's the same CA, did they create a completely new entry, or did they simply update the existing entry?

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Dispute both entries as duplicates, and when they verify sue them. You got any documentation from the CA mailed to your house?

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Sorry for any confusion. The entry is listed only once. What I was trying to find out is since this alleged collection account has already been reporting for some time now and this account would already be factored into my credit score would the fact that the creditor reported a new balance which triggered a credit alert on my account stating this was a potentially negative item effect my credit score again?

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Not really, your score goes with when the collection was first reported, as it get's older it won't matter if they keep reporting with a higher balance every month.

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Thanks for all the replies.

 

 

Not really, your score goes with when the collection was first reported, as it get's older it won't matter if they keep reporting with a higher balance every month.

 

Thanks for the response. Still wondering why this month's reporting from the CA created this alert listed below as it has already been reporting for a long period of time.

 

 

Potentially Negative Alerts notify you when one of your accounts has reported information that may negatively impact your credit score

Alert Date 6/6/2013

Source: Experian

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It could be how your credit monitoring service is programmed to respond to ANY change in your account listings.  It doesn't mean your score is affected.  

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It seems that the program is set to alert you of any changes that are potentially negative, a collection is potentially negative so my guess is the program does not care if the change affects or not your score, it only takes into account if it's potentially negative and if there was a change, therefore it will alert you every time there's such a change. My guess I didn't do the program.

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