Remove Duplicate Information on Your Credit Report.

Check for duplicate information on your credit report. Here is an article from a newspaper:

A specialty fashion store issued duplicate store credit card accounts in error, and this resulted in two accounts showing the same balance and number of delinquencies on a person's credit report.

According to the2003 Federal Reserve Board study, consumers may be penalized by the duplicate reporting of collections and public recordsy. Items pertaining to the same credit event, such as when a new and duplicate record of a delinquency is added at the time a collection is initiated, and another added at the time a collection is paid. The report concludes that such duplication of these items “could significantly affect credit evaluation.”

This duplicate information, if it is not caught and corrected, may have an adverse effect on a consumer’s credit report.

When could duplicate account information appear in my credit report?

• Creditor issued duplicate store credit card accounts in error.
• Your mortgage is sold to another company.
• Some credit grantors issue both revolving and installment accounts using similar account numbers.
• Your credit card company is merged with another company and changed thier name.
• When you move, some credit grantors transfer your account to different locations and issue a new account number.

Please review your file carefully to ensure that there are no duplications in your file.