sam96523 Posted March 17, 2011 Report Share Posted March 17, 2011 Hi Gurus,I have a credit card debt. How do I know from the credit report, if the debt is with a collections department of original creditor or with an external collection agency/junkdebt buyer?Thanks,Sam. Link to comment Share on other sites More sharing options...
BV80 Posted March 17, 2011 Report Share Posted March 17, 2011 If the original creditor's trade line (TL) states charged off and nothing else, the OC still owns it. It it also states "sold/transferred", a JDB has purchased it. Link to comment Share on other sites More sharing options...
LearningasIgo Posted March 18, 2011 Report Share Posted March 18, 2011 In my experience, I've just called the original creditor and have been told what was what. Often, the OC stated who represented them and offered to connect me to their representative offices. Might not work for all, but it's what I did. Link to comment Share on other sites More sharing options...
jasen Posted March 18, 2011 Report Share Posted March 18, 2011 Calling the OC and simply asking should work. They should have no problem telling you if they no longer own it, or no longer have the account in their system. They would realize no benefit in lying about it.A JDB, on the other hand, might try to tell you that the OC still owns it even if they don't, as a way to make you want to settle it. To do the "right thing." Link to comment Share on other sites More sharing options...
Guest usctrojanalum Posted March 18, 2011 Report Share Posted March 18, 2011 Your credit report won't lie, if it's sold it gets marked up as sold. Link to comment Share on other sites More sharing options...
jasen Posted March 19, 2011 Report Share Posted March 19, 2011 Your credit report won't lie, if it's sold it gets marked up as sold.Unless it's wrong or outdated. If you're unsure, verify with the source. Link to comment Share on other sites More sharing options...
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