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Frequent Contributor
golo
Posts: 364
Registered: ‎04-04-2012

Can a JDB assign the debt to another CA and still report a balance?

Like the tittle says,i have a JDB on my report that is reporting a balance on a debt they seem to have purchased some years ago.The problem i have understanding my report is that the same JDB is reporting another TL that seems to have been born out of the account they purchased.The balance is the same,the furnisher is the same JDB.It seems that they have purchased it,report it,and then assign it to themselves and report it again,but with a different different account number,so now i have 3 TLs out of the same account.I understand the JDB intentions,but i wonder if it even legal.Thanks in advance.

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Regular Contributor
luckelle
Posts: 168
Registered: ‎12-05-2007

Re: Can a JDB assign the debt to another CA and still report a balance?

its would seem to be legal, but the devils in the details. I have one doing that,but they in some way reference the original creditor

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Mega Contributor
RobertEG
Posts: 17,456
Registered: ‎03-19-2007

Re: Can a JDB assign the debt to another CA and still report a balance?

One, the JDB is not a creditor if the debt was delinquent at the time of their purchase, and thus their reporting is a collection, not a trade line with the consumer. 

Two, if the debt is the same, they can only report once as collecting on that debt.  If they have reported twice under the same name on the same debt, I would send them a direct dispute, contesting their duplicate reporting of the same information.

Three, one cannot legally assign a right they have to themselves. 

 

There appears to be more in their chain of schenanighans than meets the eye.

 

 

Frequent Contributor
golo
Posts: 364
Registered: ‎04-04-2012

Re: Can a JDB assign the debt to another CA and still report a balance?

Like always,thank you Robert for you input,I really appreciate it,as Im engulf in a fight with this evil JDB.I filed complaints with the bbbs in 2 different states as they are reporting from address in 2 different states.In from NV they are reporting on TL on equifax,and form an address in PR they are reporting on TU 2 TLs on the same account they seem to have purchased.So the same JDB is reporting 2 TLs on the same alleged debt.I can trace 1 TL to the OC,but not the other one.Ugh,sighs...they Re the reason my score is trash.Robert,what can I say on a letter,how can I dispute it? Thanks much.
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Current Score: 608 myfico EQ
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