Guest Posted June 8, 2004 Report Share Posted June 8, 2004 I have one account that hasn’t been settled, and the OC has sold to a CA. I have verified that it has been sold, so there’s no recourse I have with the OC to settle this account. The DOLA is 10/2001. SOL in my state is 4 years.NCO tried to collect on it, but they went away after being unable to provide any DV. This is how it shows on my CRs (it was deleted off of EX):Equifax:Acct Type: Revolving or OptionAcct Status: Open Monthly Payment: $0Date Open: Mar, 1995Balance: $0 Terms: N/AHigh Balance: $4,445Limit: N/APast Due: $0 Remarks: N/APayment Status: Bad debt& placed for collection& skipTransunion:Acct Type: Revolving account Acct Status: Closed Monthly Payment: $0 Date Open: Mar, 1995 Balance: $0 Terms: N/A High Balance: $4,445 Limit: $3,500 Past Due:$0 Remarks: Transferred to another lender Payment Status: 120 days past due So my big question:The wife and I are going to begin mortgage shopping soon, and according to my CRs, there is no balance to this debt, but it is shown as being sold or transferred. The original TL is the only one showing, no CA accounts or anything. Would the lender want to see proof that this was settled with whoever purchased the debt, or am I more or less home free?What should I do? Sit on it? Wait on whoever to come calling and asking for money? Link to comment Share on other sites More sharing options...
Guest Posted June 11, 2004 Report Share Posted June 11, 2004 bumpanyone? Link to comment Share on other sites More sharing options...
DocPC Posted June 11, 2004 Report Share Posted June 11, 2004 I'm going to say that the debt is SOL. Try disputing it as that. Link to comment Share on other sites More sharing options...
Guest Posted June 12, 2004 Report Share Posted June 12, 2004 maybe i'm missing something, but how would disputing it to the CRAs as SOL help? I thought that even though something was past SOL, it could still be reported on the CRs until 7 years past the DOLA. Link to comment Share on other sites More sharing options...
DocPC Posted June 12, 2004 Report Share Posted June 12, 2004 Ok, lack of sleep.... Dispute with the CA. If they bought it and it is SOL they have to remove it. NCO should have removed it when they could not validate. Link to comment Share on other sites More sharing options...
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