Fair Credit Reporting

American's have enough debt already. So why are the same debts being reported to an individual's credit report multiple times for a single amount owed to a single party? Because when you don't pay the collection agency sells your "debt" to another collection agency... and another, and another... But none of them ever deletes their reporting from a credit file when the account is closed. I am asking the credit rating bureau's and the federal trade commission to allow only one negative entry to an individual's credit report/rating per debt. If a collection agency sells the debt to another agency, without collecting any money from the "debtor", that the original "creditor", or collection agency, be required to remove their reporting from the debtors credit file in order to "make room" for the next collection agency to appear. There is too much disorganization on credit files and one incident should be ONE incident, not a hundred. What is occuring today in regards to people's credit rating borders on extortion and we ask, respectfully that you put an end to it.