07-02-2011 09:41 PM
To find the TLs owner, is it best to DV the CA or call/write the OC directly?
I am not sure what you mean by tradeline owner.
On your credit report isn't there the name of who is reporting?
07-02-2011 09:55 PM - edited 07-02-2011 10:18 PM
07-02-2011 10:44 PM
07-02-2011 11:06 PM - edited 07-02-2011 11:07 PM
O6, I re-read my question, what I meant was to find out who owns the debt, not the TL. I hope I cleared that up.
Thanks. Now I understand.
Hopefully others can pitch in because I do not know how to tell just by looking a a credit report who owns the debt.
I suppose you could call the original creditor and ask them if they still own the debt. If you DV the CA they have to tell you who the original creditor is, but I am not sure if they have to tell you who actually owns the debt.
One disadvantage of a DV is that if the debt is still within the SOL it could awaken them and start them thinking of suing you. How much is the debt for? When did it go into default? What type of debt is it? Which state are you in?
Once it is determined that the debt is no longer within the SOL, the next question would be what you want to accomplish. Are you looking for a PFD? A settlement? Just letting things ride until the tradeline(s) fall off your credit report?
What would your goal be in DVing?
07-02-2011 11:16 PM
07-02-2011 11:56 PM
$915 for a tow service. Due to fall off Nov 2013, so it should be from late 2006. I am in California. I'd like to PFD to get it off the CRs, but have read here to always DV before doing anything else. I do want to make sure I am dealing with the debts rightful owner and whomever can arrange a PFD, otherwise I'd probably let it ride off and settle then. It's my last bad and would like to see it gone, not just updated to paid.
Who is reporting this debt on your CR? And what is the balance reporting from the tradeline(s)?
The SOL has expired on the debt itself so contacting the law office should not cause you any problems. You may, however, want to contact DMV to enquire about possible liens if you still own the vehicle.
07-03-2011 08:42 AM
07-03-2011 05:58 PM
The CA is the only one reporting, Collection Consultants of California, $915. "Placed for collection with a law office" is what it reads. Date opened 3/2007, last updated 3/2007. I do not recall ever having received a dunning letter nor phone calls from this place.
DMV is not an issue.
If they are the only ones reporting, then would think that they are the ones you need to PFD.
You could try calling the original creditor to confirm whether or not they sold the debt.
07-03-2011 06:49 PM
07-03-2011 06:51 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.