Multiple Collection Madness - How It Affects Credit Score

from The Credit Pros Podcast · host The Credit Pros

A buyer's credit report mistakenly shows a Macy's card collection reported by three companies. Only the current debt owner can report it, meaning the other two are in error. Original creditors should mark the balance zero once sold. Such errors need to be addressed by a credit expert to prevent multiple negative impacts from the same debt.

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This episode is 2 minutes long.

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This episode was published on July 25, 2025.

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