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Sorry, Always Forget

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Karnage146
Contributor

Sorry, Always Forget

But can the OC AND the CA report the same debt?

 

For example, I have the following:

Its the same debt, one has a balance, the other doesnt.

 

Message 1 of 3
2 REPLIES 2
aj1901
Regular Contributor

Re: Sorry, Always Forget

I do believe they can. I think the OC has to change the balance to 0 though. Someone please correct me if I am wrong.

Message 2 of 3
guiness56
Epic Contributor

Re: Sorry, Always Forget

Yes, they can,.  The OC is reporting their TL and the CA is reporting the collection of the TL.

 

If they sold/transferred the account to the CA then they need to report a 0 balance.  If it is just assigned, they both can report a balance.

Message 3 of 3
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