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If in fact that did happen and the OC took back the account, the CA has no longer collection authority and must delete the trade line. If they refuse to delete I would file a complaint with the FTC and AG in your state.
I would differ.
If the debt colector had legitimate collection authority, their reporting of that fact was proper.
Termination of their collection auhority, either by payment of the debt or by rescinding of their assignment by the OC does not alter that fact.
There is no basis in rule or regulation requiring the delletion of reporting of a collection due to termination of the collection authority.
Accordingly, there is no basis for a complaint to the FTC for any violation of either the FDCPA or the FCRA.
The OC can request them to delete, but it is not the OC's reporting, and thus they have no basis to require deletion.
A GW request to the debt collector would, in my opinion, be the appropriate path. Disputes and complaints are not apt to forster future GW.
If the OC took back the account from the CA, the CA has no collection authority and must delete their TL. I comfirmed this with my consumer attorney.
I know of no statutory or regulatory basis for such a "requirement."
Termination of a debt collector's future collection authority does not negate the fact that they had authority at the time of their reporting, and thus there is no inaccuracy in their reporting to form the basis for a dispute.
You will need to do a google search for a consumer attorney in your local area.
@RobertEG wrote:I know of no statutory or regulatory basis for such a "requirement."
Termination of a debt collector's future collection authority does not negate the fact that they had authority at the time of their reporting, and thus there is no inaccuracy in their reporting to form the basis for a dispute.
Whether you choose to believe it or not, it IS in the Credit Reporting Resource Guide. They MUST delete if they no longer hold the debt. It is not the same thing as not deleting a paid account.