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Quick CO question

Established Contributor

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?
Message 1 of 7
6 REPLIES
Valued Contributor

Re: Quick CO question

Yep. An account can have 2 baddies - one from the OC and one from the CA.
 
New York Yankees - 2009 World Series Champions. 27... and counting.....
Message 2 of 7
Established Contributor

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?
Message 3 of 7
Moderator Emeritus

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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Message 4 of 7
Established Contributor

Re: Quick CO question

Thats what i was thinking, just needed some back up!!  Thanks!
Message 5 of 7
Moderator Emeritus

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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Message 6 of 7
Established Contributor

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.Smiley Happy 
Message 7 of 7