hepcen Posted April 2, 2005 Report Share Posted April 2, 2005 I have been researching information on the net to find out about california law..pertaining to the OC.. I have been under the impression that I can pay the OC (Who I know I owe), The OC said we can pay them.. contacted the CA (M. Leonard and Assoc), told them what I was doing.. they had an absolut fit.. cussed threatened,,etc... added a new line to my Credit Report in a new amount and add few numbers to the original account numer, updated (re-age the activity) everymonth since May 2004.My question is, I read on that CAC page, that in California, Once the debt goes to a CA, they own it and you CAN NOT pay the OC.. Fact or Fiction? If it is Fiction, then is CAC biased? Link to comment Share on other sites More sharing options...
GreatGadsby Posted April 2, 2005 Report Share Posted April 2, 2005 i can't help you with the California stuff, but the new TL with new account # and amount and the re-aging are violations that you can use to make them go away. Link to comment Share on other sites More sharing options...
workinninetofive Posted April 2, 2005 Report Share Posted April 2, 2005 Their still trying to get $ out of this. You owe the OC not some JDB. Any agreement with the OC needs to be in writing. You need to include that the debt is considered full payment and that they can not sell to a third party. Is the OC listed on your reports? Also include something like, the original creditor must delete (or mark paid as agreed) and any third party must delete this account upon payment to the original creditor. Use a form letter. But make sure to get the delete from any 3 parties attempting to collect on it. Link to comment Share on other sites More sharing options...
hepcen Posted April 3, 2005 Author Report Share Posted April 3, 2005 Let me get it stright, If the OC is owed money, and they contact a CA, Is money exchanged or do they pay the OC after they collect.. I am trying to get what "Bought" means Link to comment Share on other sites More sharing options...
KentWA Posted April 3, 2005 Report Share Posted April 3, 2005 Bought usually indicates that the CA or JDB has purchased the debt from the OC. HOWEVER there are as many different forms of CA/OC relationships as there are CAs. Some are simple assignments where the CA is just collecting on behalf of the OC and pays the OC a portion of what is collected. You will not know the status of a debt unless you ask the OC. Link to comment Share on other sites More sharing options...
workinninetofive Posted April 3, 2005 Report Share Posted April 3, 2005 Yeah, it depends on who the OC is.. who is it? Link to comment Share on other sites More sharing options...
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