Fair Credit Reporting: 4.3.8 Duplicative Reporting
Duplicate accounts can occur when debts are sold or transferred from one furnisher to another, either for collection or as part of sale of a portfolio of loans. This problem especially affects student loans532 and debt collection accounts.533 One older study revealed that twenty-nine percent of tradelines, fifteen percent of inquiries, and twenty-six percent of public record entries were duplicates.534