CA sales account to another CA
Date: Thu, 09/25/2008 - 09:19
First off...CA's don't buy debts...junk debt buyers (JDB's) buy
First off...CA's don't buy debts...junk debt buyers (JDB's) buy debts...Then they have to use CA's to collect for them. How is this reporting on your reports? Don't know? www.annualcreditreport.com If it has been sold, then the OC's tradeline should show a $0 balance and a sold/transferred to another lender notation. Regardles of when the OC sold it ot the JDB, the important dates for you are:
1) Date of First Default (DOFD) - date account became delinquent and was never vrought current. Starts the 7.5 Federal reporting clock for reporting purposes
2) Date of last payment - determines the amount of time they have legal standing to sue in your state.
Waht state do you live in? When was the last time you paid on the account?
On the basis of the knowledge I acquired from different threads
On the basis of the knowledge I acquired from different threads of this forum, it seems to me that many CAs pass on the junk debt to another CA. debt validation letter will work for you in these cases.
end them another DV letter advising them that what they sent is
end them another DV letter advising them that what they sent is not validation!
