Last year I had clients that had the same collection reporting twice against their credit bureau and dragging their credit scores down plus impeding the possibility of their ability to purchase a home at an affordable rate at a mortgage institution and not a private lender.  After launching an investigation with the credit bureau they were able to get the error corrected within a few weeks and we were able to find them a rate with a secondary lender and not a private lender.  Please don’t get me wrong there is definately a need for private lenders in circumstances where one doesn’t fit in the conventional world or has special requirements.  This article reminded me of last year as I work with another client to try to help them get corrections on their bureau for duplicate reporting. 

http://www.thestar.com/business/personal_finance/2013/02/12/how_to_clean_up_errors_on_your_credit_record_roseman.html