loose tooth Posted March 25, 2007 Report Share Posted March 25, 2007 How can one tell if the collection agency is with the OC or if it has been sold? Link to comment Share on other sites More sharing options...
elyse449 Posted March 26, 2007 Report Share Posted March 26, 2007 Are you asking about how to tell if a debt is with a collection agency OR if it's still in the hands of the original creditor?First, you look at who is reporting on your credit report. IF the original creditor "sold" the debt, somewhere on the original creditors tradeline on your credit report it should report such with an -0- balance. Same thing for if it was simply "assigned" or "transferred to another lender." Read each tradeline carefully.On the other hand, if the original creditors tradeline reports a balance and it doesn't state it was sold or assigned, than they SHOULD still have the debt...otherwise they're reporting inaccurately.Also, if the original creditor merely "assigned" the debt and still legally OWNS the debt, you can go to them directly to try to work out a settlement. I recently did that myself, even though there was a CA involved.Does that help?Elyse Link to comment Share on other sites More sharing options...
loose tooth Posted March 26, 2007 Author Report Share Posted March 26, 2007 Yes, thank you for your reply.It's cool how you guys are so well informed. There should be classes on this stuff in our local adult ed programs. LOL So much to learn and it is nice there are people here willing to lead the blind. Link to comment Share on other sites More sharing options...
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