Credit Cards Center Credit cards from our partners
Valued Member
Posts: 30
Registered: ‎10-25-2010

Question Regarding Original Creditor

On my CR's is a debt for Valero Credit Card.  I emailed them a PFD letter and their reply was that the account was placed with FMA Alliance and that I needed to deal with them.  I have no problem with that, however I thought if the OC sold the account to a CA that they had to report a zero balance?  They are still reporting a balance.  Is there anything I can do about this?



Starting Rebuilding 4/8/13 My Fico 528
TransUnion 544
Experian 519
Equifax 529
1st Goal - to see the 600's
Epic Contributor
Posts: 24,819
Registered: ‎03-19-2007

Re: Question Regarding Original Creditor

Referral to a debt collector does not necessarily mean that the OC sold the debt. 

Established Member
Posts: 11
Registered: ‎07-26-2010

Re: Question Regarding Original Creditor

I called the OC on one of my assigned collections and asked to be transferred to supervisors every time I called until I finally got one who let me PIF for recalling the item in collection. Phone not always the best route to go, but it is worth a shot

Starting Score: 570 TU (7/2010) 556 EQ (7/2010)
Current Score: 685 TU (11/02/10) 640 EQ (11/02/10)
Goal Score: 750+ all by 10/2011

Take the FICO Fitness Challenge

Epic Contributor
Posts: 24,819
Registered: ‎03-19-2007

Re: Question Regarding Original Creditor

"Recalling a collection" is not a legal term under the FCRA.  All it really means is that the OC took full payment from you, and cancelled further  authority of the debt collector to take any further action on collection of the debt.  That in no way requires the CA to be deleted from your CR.  The CA reporting was not done by the OC, and they OC cannot delete it or requrie the debt collector to delete it.

Maybe the CA will delete, but they certainly dont have to.

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on 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.