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Established Contributor
Posts: 649
Registered: ‎11-02-2007
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Quick CO question

If an account was sold from the original creditor to a CA, can the original account holder still report the account as past due?  If not what do you do?  Dispute with the CRA's?
Valued Contributor
Posts: 1,424
Registered: ‎07-24-2007
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Re: Quick CO question

Yep. An account can have 2 baddies - one from the OC and one from the CA.
 
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Established Contributor
Posts: 649
Registered: ‎11-02-2007
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Re: Quick CO question

So, on a report there can be two different companies reporting two past due accounts for 11k?  Even though they are the same debt?
Moderator Emeritus
Posts: 11,562
Registered: ‎08-29-2007
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Re: Quick CO question

If the OC charged it off and sold it, the OC should be reporting a $0 balance.
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Established Contributor
Posts: 649
Registered: ‎11-02-2007
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Re: Quick CO question

Thats what i was thinking, just needed some back up!!  Thanks!
Moderator Emeritus
Posts: 11,562
Registered: ‎08-29-2007
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Re: Quick CO question

Just wanted to clarify, the OC can still report on your CR, just should show $0 balance.
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Established Contributor
Posts: 649
Registered: ‎11-02-2007
0

Re: Quick CO question

Yea thats fine, but it looks pretty bad if there is an account past due with 11K as a balance.
 
 
*side note - fortunately this isnt my account, but i am trying to help someone out.:smileyhappy: 
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