Jump to content


loose tooth

Recommended Posts

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?


Link to comment
Share on other sites

This topic is now closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.