Arrow Financial
Date: Fri, 10/22/2010 - 13:08
Had an account with Company X. Today the balance is $0, charged off and appears to have been purchased by Arrow Financial.
If Arrow Financial purchased the debt, are both groups legally able to report the debt to the credit bureau?
If Arrow Financial purchased the debt, are both groups legally able to report the debt to the credit bureau?
The original account will show on your credit report as 'charge-
The original account will show on your credit report as 'charge-off'. If you settle the account with the CA, they will report it as 'settled' or 'paid' but the original account will stay.
