Hi Everyone!!! I have a sold account on my report that is listed as open and charged off. I have the collection agencies name now and plan to pay them to make good on my debt. My question is should the original account now show as sold on my report? Should it also show a zero balance since it has been purchased? I just want to make sure this is now being reported correctly. Thank you in advance!
Yes, the debt balance on the OC account should have been updated to $0 promptly after the sale of the debt.
It should also report as closed.