Question...Need Info!!

[mlc3542]

Pictured below is a baddie of mine from my OC (Sun Loan) and also the CA/or whatever (CITI/ SEARS) showing on my CR.  I believe I saw somewhere that if the OC sells your acct to a CA/ or another lender that the OC should then report $0.  Is this correct?  This CR shows that the acct was "purchased by another lender" however Sun Loan is still reporting the balance.  Can anything be done about this?  This has also been disputed to the CRA's.  Any input will be appreciated.  Thank you. 

<a href="blank"><img src="http://i45.photobucket.com/albums/f78/mlc3542/20130603_1221391.jpg" border="0" alt=" photo 20130603_1221391.jpg"/></a>

<a href="" target="_blank"><img src="http://i45.photobucket.com/albums/f78/mlc3542/20130603_122105.jpg" border="0" alt=" photo 20130603_122105.jpg"/></a>

[mlc3542]

WOW I apologize for the flipped page...

[guiness56]

Yes, if it is sold/transferred the OC must report a 0 balance.

The first one I see no mention of sold/transferred, the second one does and shows a 0 balance.

Citi/Sears is actually another OC account.

[mlc3542]

The CITI/Sears shows Sun Loan as the OC however partially cut off to the right of the pic its supposed to show purchased by another lender.

[guiness56]

Is Sun Loan the CA then?   I think they are both OCs.  Citi/Sears is definitely an OC.

[mlc3542]

No...sun loan was the OC. CITI/ Sears showed later on the report with both accounts showing balances. On the left of the CITI acct its listing Sun Loan as the OC. It also shows on the right side of the CITI that it was purchased by another lender. Thank you for responding.

[guiness56]

The one at the bottom does not show a balance.  It says 0 balance.

[mlc3542]

So then is it ok for Sun Loan to be listing a balance although CITI is showing a 0 balance and also listing Sun loan as the OC as well as being purchased by another lender. I guess you can say im a little more focused on the sun loan reporting on the same CR. I just know that these accts are linked to each other

[guiness56]

Without really knowing the relationship between the two I am not sure.  Citi/Sears is a CC.  Sun Loans is like a consumer finance loan company.  How they are tied together I have no idea.

The Sun Loans TL looks correct on the surface. 

The Citi/Sears is just a bit confusing as how it listed Sun Loans as OC but sold transferred, as you said.

I did some research and can't find anything.

[mlc3542]

Well I appreciate you taking the time to help. I could not find anything myself.