Complaint / Review
Majestic Visa - Fingerhut
Collection Buyout Offer Now Appears Twice on My Credit Report

After trying to look up Majestic Visa to see if I could access my CC account on the internet, I came across this site, and all I can say is WOW.

I have an old Fingerhut bill from when I was much younger, and recently I have been attempting to get my credit in better standings.

So when Majestic called me and offered for them to "buy" my collection account from fingerhut and allow me to pay 1/2 of what I owed and then send me a credit card with a $128 (the other half) credit limit on it and all I had to do was pay off the other $128 that was on the card and in the end I would have a credit card with a $128 credit limit I was more then happy to accept this offer.

I thought what could be better I pay off and old bill for a reasonable payment plan of $20 a month and in the end I have a credit card to help me re-establish my credit!

When I first signed up for this offer they called me and bugged me non stop approx. 4-5 times per day, but after they saw I was paying when I was supposed to and not being late they stopped calling me and I thought everything was/is fine.

I didn't and dont have any of the problems that others are talking about, but now that I have read everyone elses issues with this company and checked my credit report I have found that they have not been reporting to the credit companies that I have been paying and even worse is that it's on my credit report twice, once under Fingerhut and again under Jefferson Capital Systems.

I have all 3 of my credit reports and 2 of them have different amounts and dates as to when it was updated. As of now I have only $60 left to pay before my debt is to be paid off and I'm wondering what exactly I have gotten myself into.

Can anyone advise me as to where I should go from here and who to contact about this, I'm lost, I'm finally having an opportunity to straighten out my credit, and now I think I'm worse off then I was before!

I also have a Gateway/Citibank account that has shown up on all 3 of my credit reports for twice for 2 different amounts. Any ideas on how to go about handling that also??