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would love to hear what exactly trakamerica does

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They manage a network of lawyers nationwide and use all sorts of information from public records and credit files to locate individuals. I know they currently work with Capital One but apparently, there is no transfer of ownership of the debt. So when they find someone, they file a lawsuit and if all goes well they get a default judgment. Otherwise, if there are any defenses or counterclaims, Capital One sends in its own lawyers to deal with you.

The funny thing is that even though they work with the OC, sometimes they file affidavits signed by one of their employees but leading the court to believe it is someone from the OC who is familiar with recordkeeping.

I know Trak America used to operate under other names, for example National Financial Systems, and they performed the same services as above for Citibank.

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