Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Report
Profile Image

Question By
Darcie1121

0 Contributions
0 People Helped
How can the same debts be reported twice but different amount?
I have the same 2 debts listed twice one my credit report. One says the balance is $0 And the other says I'm making payments. How can it be both? It makes sense that bit was paid off in 2013 but in have been making payments since then for over 2 yrs now. It's a student loan and I swear my balance never changes. What do I do? Hiwvare they charging me when they reported the debt paid in full in 2013?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7816 Contributions
1444 People Helped

A zero balance just means that the account at hand has a zero balance, it doesn't mean that you don't owe money to another company. Sometimes lenders will sell debts to another lender, probably what happened in this case. In this scenario, you no longer owe company one, but now owe company two. Since accounts are not removed due to closure, you still see the first account.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.