Complaint Review: HSBC - NEW CASTLE Delaware

To whom ever responded.  I am absolutely certain HSBC posted at least triplicate accounts to the credit bureaus.  To validate, HSBC sent me a response to each letter I sent explaining the duplication/triplication. Two have now been removed, two are still in dispute.  By chance and by being somewhat of a pack rat, (another site I'm sure) I found my original contract with HSBC/Levitz from 2007.  One account, last date of transaction Oct 2007 for $ 2500.00.  To date, this account has been recorded by HSBC (this does not count the 3rd party collection agencies) 3 times on my credit report, three similar account numbers and three different account balances.  I know exactly the account , when I purchased and the last date of transaction.  Not to be catty, but if you respond with such remedial advice, please don't assume everyone is less informed of credit reporting.  I believe we all know what happens when we "ASSUME" other's intelligence or knowledge.  Just a bit of adult wisdom. :-)

First off I will say that if you have something incorrect on your Credit Report you have the legal right to dispute it and if it is incorrect to have it corrected and/or removed.   But you have some misunderstandings on how credit and credit reporting work.

I have two accounts charged off that appear on my credit report 4-5 times.
- Are you sure that they are all from HSBC.  As when you have a Charge-Off Account, the account doesn't go away.  If they have turned you over to a 3rd party collection agency, that agency is allowed by law to put a collection item as well.  So it is possible to have 2 "records" for one Charged-Off account.  If you have more than 2 and are sure that they are the same account then you have every right to dispute it.

I live in Texas where SOL is 4 years.  The SOL has expired but they way HSBC continues to report the accounts, you'd believe these accounts were opened last month.
- The SOL has ZERO...NADA...NOTHING to do with the length of time an account can be reported on your credit report.  The Credit Reporting time is totally separate from the SOL.  Regardless of your State a negative item can remain on your credit report for 7 years from the Date of the last action, which in you case would be the Charge-Off(this turns out to be about 7 1/2 years from the date of the delinquency.  The only advantage of being past the SOL is that they can no longer take legal action against you by filing suit, and that sometimes will give you leverage in trying to settle the account.

Wonder if HSBC pays for each account they report thus the credit bureaus are happy to let this behavior slide
- The Credit Reporting Agencies and Creditors are bound by the Fair Credit Reporting Act(FCRA).  If they violate this, you as the consumer are able to take them to court.   The FCRA provides $1000 per violation in Statutory Damages, as well as your real damages and reasonable court and legal fees.  So if you think you have a case, I am sure you will have no shortage of lawyers willing to take your case on a Contingency basis.  But remember you can't just file suit for the heck of it, you must first prove that you disputed the items and they did not remove them. 

One final thing, you seem to think that it is only because of the duplicates that your credit report is bad.  The fact is that even if you get them cleared up and only have a single charge-off,  even if everything else on your report is spotless that one charge-off could knock your score down from "good" to "poor".