Can they do this?

[Anonymous]

Okay, I've asked about this situation in recent posts but would like some more opinions. I am currently trying to pay a five-six year old debt to Victoria's Secret. They have been listing me on my CR as currently late every month for years. I called them to make a payment b/c I had NCO (CA) deleted off of CR but VS says I have to pay NCO b/c it was charged off/sold. Now, since it was sold, can they legally list me as currently late every month?

[Anonymous]

If they no longer own the account or take payments from you- they can not mark it late after the account was transfered.

If they sold the account they must also report the balance at zero.

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@Anonymous wrote:

Okay, I've asked about this situation in recent posts but would like some more opinions. I am currently trying to pay a five-six year old debt to Victoria's Secret. They have been listing me on my CR as currently late every month for years. I called them to make a payment b/c I had NCO (CA) deleted off of CR but VS says I have to pay NCO b/c it was charged off/sold. Now, since it was sold, can they legally list me as currently late every month?

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[Anonymous]

Yes find out if they own the debt.   If they are reporting every month than more than likely they do and the costumer service rep was just blowing you off and telling you to deal with the CA because that is what they are paying them for.   

But if they did sell the debt than they cannot keep reporting each month as balance owed.

[MidnightVoice]

Catch 22 - they can do anything to you that you can't stop them doing to you 

[Anonymous]

That is one of 2 cards I'm closing in a few days. I've had nothing but troubles from the outfit that handles their financing. And navigating my account page is an utter nightmare.

[haulingthescoreup]

The bank for this card is WFN. It also handles the Limited, Express, Structure, J.Crew, Eddie Bauer, Lane Bryant, etc. They don't play nicely.

It took them forever to set up my online account for J.Crew, and I finally had to pay them directly from my online banking account and stick the money down their craw. They said that they raised my CL, but they didn't report the higher CL, and it looks like I went over (I didn't.) They say that they have sent the updated info to all three CRA's, but only EX reports it, and the CSR at EQ could find no current reports from them.

I'm stuck with them while I try to get some lates off.

No matter what goodies you may get with a store card, for an awful lot of people, it's not worth the hassle and bad service. And this is for people who HAVEN'T messed up their accounts.