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NOTIFICATION OF A CA PURCHASING YOUR ACCOUNT


RUPEDAWG
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IS THERE A LAW OR REGULATION THAT REQUIRES A CA TO NOTIFY A CONSUMER THAT THEY HAVE PURCHASED THEIR ACCOUNT FROM THE OC, BEFORE THE NEW CA REPORTS THE NEW ACCOUNT TO THE THREE BUREAUS?? I TRIED TO PAY A DEBT TO FIRST PREMIER BANK CARD, WHO TOLD ME THEY WOULD NOT TAKE MY PAYMENT AS THEY SOLD MY ACCOUNT TO A CA. AT THE TIME THEY DIDN'T KNOW WHICH CA. FIRST PREMIER INSTRUCTED ME TO WAIT UNTIL THE CA CONTACTED ME. THE CA (ARROW FINANCIAL) SAY THEY HAVE TRIED TO NOTIFY ME BY MAIL, BUT THEY HAVE NOT. NOW I HAVE THE OC ENTRY ON MY REPORTS PLUS THE NEW CA. I TRIED TO NEGOTIATE A PAY AND DELETE THE ENTRY DEAL. ARROW SAID THEY DON'T DO THAT AS A MATTER OF COMPANY POLICY. ANY HELP?? ARE THEY REQUIRED TO NOTIFY ME BEFORE REPORTING??

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First don't type in all caps. It is hard to read, as well as rude- it denotes shouting.

Next, there is not a Federal law that I am aware of. Depending on your state, there may be a state law. Florida, for example, has a law covering this.

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  • 8 months later...
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