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January 23, 2008 | 10:50 PM

Bad debt reporting - collection agency & original creditor report the same account

Wed Jan 23, 2008 10:01PM | By Tony

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Q: Can the original creditor and collection company both report on the same account?

A: Yes and often the status of the same account is different - collection agencies almost always report as CLOSED, but normally status is considered OPEN if this is what an original creditor reports.

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