Oceanic Flight 815 Posted April 17, 2012 Report Share Posted April 17, 2012 I was looking at some old collection statements trying to determine how many times the account has changed ownership.After the OC gave up trying to collect, LHR started collection efforts in 2008. In 2011 a different CA started sending collection letters.The first letter (May 2011) listed DHC Consulting as the creditor.The second letter (Aug 2011) listed LHR Inc as the creditor.Then the account was sold to MCM in 2012.Anyone know if LHR actually buys defaulted debts or if they are just a CA and the letter listing them as creditor was an error? Link to comment Share on other sites More sharing options...
Public Enemy Posted April 17, 2012 Report Share Posted April 17, 2012 They show up on my credit report for one of my allegedly defaulted accounts so I think they must be a JDB and buy defaulted debt. Link to comment Share on other sites More sharing options...
willingtocope Posted April 17, 2012 Report Share Posted April 17, 2012 If the debt has been sold, then the OC's tradeline on your credit reports will say "Sold to another lender" and the balance will be $0. The same should be true if one JDB sold it to another. If anyone other than the OC is reporting a balance, send them a nice "...I never did business with you people...prove to me otherwise, or get off my reports or I will investigate my legal remedies..." kind of letter. Link to comment Share on other sites More sharing options...
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