What does account in good standing, paid,closed really mean. ON credit report??

Question

because now there is another company trying to collect for the original creditor. and there both on my report. The original is under good standing paid,closed. And the other is in negative standing under COLLECTION. what do i do to solve this any suggestions.

Answer 1

It sounds like the original creditor sold your account to the second creditor.  Thus the original creditor got paid under the terms of the agreement.  It was the second creditor then that didn't get paid.