Is this normal??? OC is reporting to RU, but CA to EX and EQ?

[Anonymous]

So looking at my credit report...I noticed that my oc's are reporting to tu, while ca's are reporting the same accounts to eq and ex....is this normal?

This seems to complicate things since it would seem like I need to duplicate efforts in everything I do to address both the oc and ca....

Anyone have any insight?

[Anonymous]

bump

[Shogun]

Yes, this is perfectly legal.  As a matter of fact, they both can report to all 3.  You can have 2 TLs for each debt, one from the OC and one from a CA.

[Anonymous]

So do I deal with both the oc and ca? ...and each one removes or updates from the corresponding cra?

[IamB2]

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@Anonymous wrote:
So do I deal with both the oc and ca? ...and each one removes or updates from the corresponding cra?

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I would always contact the OC first to see if they still own the debt. If they do, that means the CA is simply "an agent" working on behalf of the OC to attempt collecting the debt. If the debt has been sold by the OC to the CA then they will tell you to contact the CA to make any payments. This means that if you pay the CA, they will inform the OC and both should update.

On the other hand, if the debt is still owned my the OC, then you will make the payment through them and the debt will likely be recalled from the CA.

[Anonymous]

And if it's recalled, is it updated or deleted by the ca on those two reports?

Thanks everyone, btw!

[IamB2]

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@Anonymous wrote:
And if it's recalled, is it updated or deleted by the ca on those two reports?

Thanks everyone, btw!

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if the CA does not own the debt but are just hired by the OC to help them collect, when you pay the OC, the CA no longer has the authority to collect the debt, therefore they can not report such debt. They have to delete it. At least that is my understanding of it.

[dursty87]

Once a CA obtains the right to collect a debt, whether they are hired or they buy the debt, they are legally able to report to the CRA's.  There is no law that prohibits them from reporting as long as it is accurate.  So if you were to pay the OC, there is no law that says the CA has to remove their listing.  However, according to the guidelines in the collections manual, they should remove their listing. 

[IamB2]

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@ssondubs wrote:

Once a CA obtains the right to collect a debt, whether they are hired or they buy the debt, they are legally able to report to the CRA's.  There is no law that prohibits them from reporting as long as it is accurate.  So if you were to pay the OC, there is no law that says the CA has to remove their listing.  However, according to the guidelines in the collections manual, they should remove their listing. 

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So legally they can report, but per their own manual they should remove...Interesting. Good to know, really. Thanks!