The problem is that this often leads to duplicate reports on credit files and each time the debt is sold the date is updated so it looks like a new collection is on the credit report and this impacts the FICO.
ATT has me owing a fee for terminating my cellular contract early (due to problems with their poor service). This $300 fee has been sold so many times (I have never been notified) but it appears several times on my credit report and has been made to look like a recent debt when it is from 2008.
jfearon
1
The problem is that this often leads to duplicate reports on credit files and each time the debt is sold the date is updated so it looks like a new collection is on the credit report and this impacts the FICO. ATT has me owing a fee for terminating my cellular contract early (due to problems with their poor service). This $300 fee has been sold so many times (I have never been notified) but it appears several times on my credit report and has been made to look like a recent debt when it is from 2008.
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