Creditors and Bankruptcy/Collection Question

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Question
Hi Leon,

I need some advice on a collection that is on my credit report.
The Collection is on a ComED from 4 years ago that was left un-noticed.
Now I see this collection ($400) being reported on my credit report by 2 different collection agencies.
What should I do to fix this situation?
Do I call ComED itself and pay the past due balance?
I'm not sure what to do, as I don't see it being fair that I would have to pay 2 separate creditors double of what I originally owe.

Thank You for your time.

Dan

Answer
I would contest both of the listings that you see on your credit report, saying I don't owe it.

If that does not do the trick, call ComED, and see what they can tell you.

If you owe the debt, you only have to pay it once. As you note, two different collectors can not correctly be after the same debt.

At least one of the collectors, if not both, should fall off your credit report.

In the event that you are left with one rightful owner of the debt, you can probably settle it for one half of what you owed.  

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Los Angeles Bankruptcy Attorney Leon Bayer

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I can answer all questions relating to debt collection, credit reporting problems, credit scores, bankruptcy, debt settlements, debt settlement scams, and dealing with debt collectors. For many years I have been one of your volunteer experts for the topic "Bankruptcy Law". I would like to receive more questions. I'm thinking that many relevant questions get asked under this catagory as well as my own. See my stats, below: Los Angeles Bankruptcy Lawyer Leon D. Bayer U.S. Available View Profile Ask A Question View Past Answers Knowledgeability9.96 Clarity of Response9.93 Politeness9.97 Response Time(hr)14.6 --Last 90 Days(hr)7.6 Total Questions1119

Experience

34 years as a practicing bankruptcy attorney, published book author on topics of bankruptcy and foreclosure. See, http://en.wikipedia.org/wiki/Leon_D._Bayer

Publications
See, http://www.nolo.com/law-authors/leon-bayer.html

Education/Credentials
BA degree, J.D., admitted to California Bar in 1979.

Awards and Honors
President, 1995-1996-Los Angeles Bankruptcy Forum; Member - Los Angeles County Bar Association Committee on Commercial Law & Bankruptcy, 1988. Law Advisory Commission-Personal & Small Business Bankruptcy Law of the State Bar of California, 1996-2000

Past/Present Clients
Over 15,000 bankruptcy cases.

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