I sent HSBC an OC letter asking them to validate but their response said that the account had been sold. They didn't provide any other information. Does anyone know what my next step should be? Should I send them another OC letter? or should I notify the CRA of their refusal to validate?
Message Edited by mainemedic on 05-20-200804:48 PM
I believe that if they sold the account they can not validate. They no longer own the debt. You can call them directly to find out who the account was sold to.
I am having a similar issue... They sold my debt and it has from what I have found been moved 6 times! I don't know who owns it now and basically can't find out who! It is not on my CR's except for the charge off from HSBC... Grrrrrr so annoying!
Starting Score: 06/2010- EQ 464 01/2012-EQ 512 April Score: EQ 679 4/12TU- 677 EX- 699 (FAKO) Current Score: 05/2012-EQ 691 4/12TU- 706 EX- 720(FAKO) Goal Score: 700 by 05/2012- MADE IT!!!!
HSBC, even if the account is sold, can continue to report for the full 7 yrs. I'd GW them for removal. Or try to PFD them for the last known balance, however a good outcome doing that is a long-shot.
I recently sent them a GW...then turned around and sent a OC DV...the account was sold to RJM Acquisitions...which I did a PFD with...I have not received a response from HSBC Bank yet...I'm still waiting...my fingers are crossed...
Starting Score: 06/2010- EQ 464