Asset Acceptance
Date: Tue, 10/20/2009 - 07:16
My second question is, does the fact that the account status on my credit report shows it as Collections-paid close negatively impact my credit?
they cannot report as the OC.the 7 year reporting period does no
they cannot report as the OC.the 7 year reporting period does not change.if it does then you can sue asset acceptance for violating the FCRA(fair credit reporting act).
Paul, I'm not familiar w/ the Credit Lingo, what does it mean th
Paul, I'm not familiar w/ the Credit Lingo, what does it mean they cannot report as the OC? Thanks for your reply. I don't know much about what they are allowed to do, so this info helps.
if a JDB buys a debt.they might try to report as the OC.they leg
if a JDB buys a debt.they might try to report as the OC.they legally cannot do that.if a CA is assigned the debt.then they can report as long as the account is with them.if you end up paying the OC.then the CA assigned cannot continue to report.that is up to the OC to handle.
OC means original creditor, victorias secret in your case JDB is
OC means original creditor, victorias secret in your case JDB is junk debt buyer, or asset acceptance