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Posted in Auto Loans
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Question By
jenniesue34

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1 Person Helped
The same account has three separate ones ones close ones up for collections and ones open
I have one auto loan with three accounts for the same moon one is closest one is in collections and one is open all current right now what can I do to fix this or how did this happen

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Top Contributor
7816 Contributions
1478 People Helped

I really do not understand what you are saying, so if this does not answer your question, ask a new question in a clearer manner.

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If you have three accounts showing on one credit report for the same account then something needs to be disputed. It is normal to have two accounts for the same account if one was closed in negative standing by the lender and then sold to a collection company. In this case the original account would be a negative account marked as "charge off" and the other account you would see on your report would be the account for the debt collector that bought the debt.

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Now, if you have three accounts showing on a report for the same account, there is a problem. You would need to dispute that with the credit bureau or bureaus that are showing three separate accounts for the same account. The three credit bureaus are Transunion, Equifax and Experian and they all have websites where you can learn how to dispute incorrect information on your reports.

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If you have any more questions in the meantime, feel free to ask on here.

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