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SunnyDays23

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Closed accounts being reopened is that allowed?
I've had one debt collector close an account - increasing my credit score only to have another agency buy the debt and open it - decreasing my credit score. Are they allowed to do that? Also, one agency claims to be the "original creditor" which is not true. Are they allowed to do that? If not what can I do - in both cases?
Thank you.

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They are allowed to sell the debts to one another. They should not both be listed on your credit reports. Read about the FDCPA (fair debt collection practices act) and consult with a FDCPA law firm if you feel the need. Many will not charge you anything out of pocket. Print records of everything so you have it. A simple dispute with the credit bureaus should eliminate the earlier collection account if still listed on your reports.

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