sara08 Posted January 15, 2008 Report Share Posted January 15, 2008 I have another mystery on my CR. I had an account of 1900 with mbna, but on my CR the same exact account is listed as bank of america. Then on the collection account the OC is listed as assignee of mbna. Can someone help me figure this one out Thank you! Link to comment Share on other sites More sharing options...
hiblues Posted January 15, 2008 Report Share Posted January 15, 2008 its the same thing to all intents and purposes... mbna is BoA Link to comment Share on other sites More sharing options...
bubbaboo Posted January 15, 2008 Report Share Posted January 15, 2008 BOA purchased MBNA about 16 months ago. My old MBNA account is now listed as a BOA account on all my credit accounts. The number is the same and the amount is the same. It went to a collection agency and the CA lists it as a BOA account. Link to comment Share on other sites More sharing options...
willingtocope Posted January 15, 2008 Report Share Posted January 15, 2008 Technically, if your account was in default when BofA bought it, that makes them a junk debt buyer (e.g., assignee). In that context, the FDCPA does apply...because BofA is not the OC. Link to comment Share on other sites More sharing options...
debtorshusband Posted January 15, 2008 Report Share Posted January 15, 2008 Yup, BofA bought MBNA.In my wife's case, the original account was not just in default, but had been sold off. So on her credit reports, the MBNA account which was showing as sold off, now shows as a BofA account which was sold off.DH Link to comment Share on other sites More sharing options...
daheata Posted January 15, 2008 Report Share Posted January 15, 2008 I have a related question. My account was acquired by BoA from MBNA while it was in late payment. The account was 90 days late and I had been making small monthly payments of $96 to MBNA to retain the option of settling the debt for 35%. I continued these payments to BoA for several months after the merger, but I lost my job and was unable to continue making the payments and the account was charged off by BoA in July 2007. Would BoA still be considered a debt collector in this situation or would they be the original creditor since they assumed the account before the charge-off? Link to comment Share on other sites More sharing options...
willingtocope Posted January 15, 2008 Report Share Posted January 15, 2008 Charge off is a non-event as far as the debtor is concerned.If the account was delinquent when BofA bought it, technically, they're a JDB/CA.Of course, that may not give you a lot of leverage.... Link to comment Share on other sites More sharing options...
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