|Received:||4/18/2006 11:23:29 AM|
|Subject:||Procedures to Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies|
|Title:||Advance Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Parts 660 and 661|
Comments:Both the original creditor and the creditor that my account was sold to show on my credit reports. Both are reporting the same negative information. Once an account has been sold, the original creditor should no longer be able to show the negative information. The account was settled with the second creditor and they show that the account has been settled, but the original creditor does not, so it appears to be an unsettled, bad debt. The original creditor should be forced to either update the account or remove it completely.