We refinanced our home with a different lender and my credit report is showing I have two mortgages. How long will it take for the lender that was paid off to drop off my credit report?
Categories: Report Advice
If an account is “charged off” and sold to collection agency, how can both accounts be used against you? My credit report shows two negative accounts. I owed $1,900, but now one account shows the original amount owed and a separate account shows $2,300 owed to a collection agency. Will both accounts stay on my report for seven years? The original account was four years ago, but the collection is only three months old.