Mack Posted October 1, 2004 Report Share Posted October 1, 2004 I am posting this questions on several subject forums in hopes someone will give me an answer -thanks....If an OC sells an account to a JDB. Does this take the OC out of the picture? Or can the OC still try to sue the debtor as well? It was my understanding that if the account was sold by the OC that takes them out of the "loop" and they cannot attempt to collect, sue, etc? Am I wrong?thanks.... Link to comment Share on other sites More sharing options...
Leadhead Posted October 1, 2004 Report Share Posted October 1, 2004 Once the OC sells the debt, they no longer have any right to try and collect on the debt. Link to comment Share on other sites More sharing options...
breathing_easier Posted October 1, 2004 Report Share Posted October 1, 2004 Also, be certain that if the OC is reporting a TL for the account with any or all of the CRAs, they must report the balance as $0. Most also include the notation of "Account sold or transferred." Link to comment Share on other sites More sharing options...
Mack Posted October 1, 2004 Author Report Share Posted October 1, 2004 Okay with that in said - let's go one step further - the "new" owner of the account sues you and gets a default judgement using their name only as the Plaintiff - affidavit in the court documents indicate the account was sold by the OC to this "new owner". Okay? Now I get in the mail a document showing me as the defendant, the OC as the Plaintiff (sites the court case # of the default judgement) - and ask me to respond to 22 questions of finances, etc. Now, do I understand this correctly - if the "new owner" sold the judgement back to the OC this would be legal? And, if yes or no - whatever - can I do as you suggest and ask them to VD this as I do not recognize the Plaintiff in this situation? And if so would I send a copy of this VD to the court house as well? Am I making sense? Thanks.... Link to comment Share on other sites More sharing options...
Mack Posted October 1, 2004 Author Report Share Posted October 1, 2004 In response to another reply regarding the TL. This goes into another issue with this default judgement - there is only the default judgement showing on my credit report - the OC they indicate sold it to them is not showing up on my credit report at all!! This is how all this started as I do not think this is my account and I DV the Plaintiff in this case and almost 4 months later I still do not have a response - but I did all of a sudden get this "interrogatories" request, but......with the OC's name as the Plaintiff. My feeling is that the account cannot be validated and because I did not show up at the hearing they won a default - so now I am back-peddling trying to confirm this debt. Since they did not answer my validation letter - maybe for some reason - they think they can fool me into sending them info to help them garnish me and or maybe they did sell this back to the OC because they did not have the validation - Questions, Questions!! I am reading more and more about this JDC and I think they are right up with the worst and the people with more power than me needs to check these guys out. A lot of stuff is very fishy in the default judgement. Link to comment Share on other sites More sharing options...
Mack Posted October 1, 2004 Author Report Share Posted October 1, 2004 Sorry Lead Head - I made reference to "Recovering Attorney" suggestion about sending a DV to the lawyer that sent the "interrogatories request" in which I sent a reply back to you - the subject is the same, so if you read both messages you will understand. Sorry, if I added to the confusion. And again thanks so much for the info. Link to comment Share on other sites More sharing options...
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