abmyers Posted February 15, 2007 Report Share Posted February 15, 2007 Can a CRA report both the OC debt, and the collection account from the CA? I have both reported, one as "120 days late" - the OCAnd the other as a charge off - the CASame debt Link to comment Share on other sites More sharing options...
Ahntara Posted February 15, 2007 Report Share Posted February 15, 2007 Yes.The OC's TL should have a zero balance and some notation about being transferred or sold. The CA's TL should have the current balance (or a zero also if the account is paid off). Link to comment Share on other sites More sharing options...
abmyers Posted February 15, 2007 Author Report Share Posted February 15, 2007 And if the CA sold it again I could have a third neg tradeline?Unlimited for one debt? Link to comment Share on other sites More sharing options...
CreditLawGuru Posted February 16, 2007 Report Share Posted February 16, 2007 so long as the old ones report the TL as sold. Link to comment Share on other sites More sharing options...
Ahntara Posted February 16, 2007 Report Share Posted February 16, 2007 "...a third neg tradeline...Unlimited..."Yes. Makes one see the wisdom of avoiding collections. Link to comment Share on other sites More sharing options...
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