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I had a car repo back in 2004. The original creditor sold the account to a CA. Are both the OC and the CA allowed to continue reporting on my credit for the same debt?
Yes. Credit reporting is primarily to record prior delinquencies. Who now owns the debt is a secondary item recorded under curent account status.
FICO does not score status, it scores derogs.
If the OC sells the debt to a CA, the prior derogs on their account still remain. What the OC must do is to update the status of the debt under their account to $0.
But their prior reporting otherwise remains.
The CA reports the amount of the debt, and the fact of their collection.