Lady_Scarlet wrote:If Olympic fitness is the OC - send them an OC letter - BTW, since this turkey 'returned the account' accourding to CDIA suggestions - he is to discontinue reproting. How to get him to do that -- I need to think a bit (bookmarking you for further response)
First, please be aware that the industry's Metro 2 guide does have specific instructions when a third party collection account is returned to the original lender or in the case of a debt purchaser, is resold. Specifically, the collection agency or debt purchaser should direct the national credit reporting agency to delete the account from the consumer's file since it is no longer an account for which the company is attempting collection. Following is the information that appears in the Credit Reporting Resource Guide in the collection agency/debt purchaser reporting guidelines section.
Account Status Codes (Base Segment, Field 17A) — report only the following:
93 — Account assigned to internal or external collections
62 — Paid in full, was a collection account
DF — Delete entire account due to confirmed fraud
Collection Agencies must delete accounts that have been canceled and returned to the creditor.
Debt Purchasers/Factoring Companies must delete accounts that have been forwarded or sold to another entity.