Ok, a debt
can be reported twice....if one is the OC and one is the CA........but only one can report a balance. The OC usually changes it to zero balance once the acct is sold/transferred to the CA.
Now, I do see some violations by LVNV (and yes, they are crooks and they violate laws constantly)
A collection account CANNOT be reported as an open account (under type) They can't list Terms as 1 month - you don't have any "terms" with them unless you have some sort of agreement or contract.
You also can't be "past due" on an account you've never paid on......that's a violation too.
I also don't believe they can report a high balance (not sure on that though.....would need to check)
120 days late is BS too. You can't be late on a CA account unless you have terms or an agreement with them.
So, yes.....you should do a 1 2 punch with them. Be sure when you dispute the TL with the CRAs that you hand write it.......and list EVERY item in the TL you're disputing. Don't worry about saying they are violations......just dispute them as inaccurate.
Oh and the date open is usually the date the CA acquired the account.......so that is why it is showing a more recent date than the OC.
HTH
