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New Contributor
serenity72
Posts: 124
Registered: ‎06-28-2007

owe SBC money but they arent in biz anymore do I actually owe them?

Being that they are no longer around and where bought out by At&T do I still owe them? Asset acceptance is collecting on this account. Wondering if I can dispute this just for the fact they arent around anymore. TY
New Contributor
MisseyElliott
Posts: 66
Registered: ‎07-01-2007

Re: owe SBC money but they arent in biz anymore do I actually owe them?

Actually SBC bought ATT and then changed their name to ATT the name with more world recognition.
Moderator Emeritus
masdeocho
Posts: 2,050
Registered: ‎04-17-2007

Re: owe SBC money but they arent in biz anymore do I actually owe them?

[ Edited ]

 


Message Edited by masdeocho on 07-11-2007 03:25 PM
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Bartender, bring another round of FICOtinis please!

9.4.2011: TU 805. EQ 815.
Established Contributor
Irvin
Posts: 510
Registered: ‎04-17-2007

Re: owe SBC money but they arent in biz anymore do I actually owe them?

when a company acquires another company, the debt also gets acquired. So, if ATT bought SBC, and you owed to SBC, you just now owe to ATT. Same company, different name pretty much.
New Contributor
serenity72
Posts: 124
Registered: ‎06-28-2007

Re: owe SBC money but they arent in biz anymore do I actually owe them?

Thanks so that means AT and T should have my account information then correct? What if another company totally went out of bussiness? I have one of these on my CR as well so would I owe them if they are no longer around period? TY
Established Contributor
Irvin
Posts: 510
Registered: ‎04-17-2007

Re: owe SBC money but they arent in biz anymore do I actually owe them?

are they on your credit report? and are they after you for the money?
Moderator Emeritus
masdeocho
Posts: 2,050
Registered: ‎04-17-2007

Re: owe SBC money but they arent in biz anymore do I actually owe them?



Irvin wrote:
when a company acquires another company, the debt also gets acquired. So, if ATT bought SBC, and you owed to SBC, you just now owe to ATT. Same company, different name pretty much.


The debt doesn't always get acquired.  They might have sold it to Asset before or after the corporate merger/acquisition. 
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Bartender, bring another round of FICOtinis please!

9.4.2011: TU 805. EQ 815.
New Contributor
serenity72
Posts: 124
Registered: ‎06-28-2007

Re: owe SBC money but they arent in biz anymore do I actually owe them?

Its on my report under Asset Acceptance. Its not that big of a deal for SBC anyways as it will be off my report next year. Just trying to make some sense of some things.

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