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Home > Money & Services > Credit   »   Are charge offs sold still reported on credit reports?

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Old Nov 4, 2009, 09:22 AM
meryabet
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Are charge offs sold still reported on credit reports?

I had numerous accounts that I fell behind on as a result of an auto accident that left me unable to work. They were all charged-off and sold to another company. I have since paid all of these debts with the new owners of the debt. But now I have two marks on my credit report, one with the original creditor (as a charge-off) and one with the company who bought the debt from the original creditor.

My question is once the original creditor sold this account shouldn't they stop reporting it on my credit reports, since after all they no longer even own this account? I have paid these debts, although many of these new creditors whom I have paid, have not updated my credit reports yet. I read somewhere that collectors are required to withdraw reporting of an account as soon as they sell the account. But I'd like to know if that applies to the original creditor as well. Can I dispute these entries on my credit report? Sorry this is question is so long. Thanks for the help.

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