MrBubby Posted July 31, 2013 Report Share Posted July 31, 2013 I am being sued by a JDB via a law firm. Looking at my credit report the JDB d the account as having a zero balance. The only item on my credit report regarding their claim is an account with the JDB showing a balance of zero dollars. Would that be a valid defense of their claim?Thank you Link to comment Share on other sites More sharing options...
MrBubby Posted July 31, 2013 Author Report Share Posted July 31, 2013 ~The JDB listed the account as having a zero ~ Link to comment Share on other sites More sharing options...
Huey Pilot Posted August 1, 2013 Report Share Posted August 1, 2013 That's standard. The Original Creditor charged your account off to zero balance then sold it off and took a tax credit. The OC now reports it as charged off zero balance. The purchasing Junk Debt Buyer (JDB) will try to collect the total balance plus interest and report it accordingly. Until there is some activity on the account or the JDB initiates action on the account with a lawsuit they probably won't report it. The JDB is probably to lazy to report anything as they literally have hundred's of thousands of accounts to report and it probably costs money. HP Link to comment Share on other sites More sharing options...
MrBubby Posted August 1, 2013 Author Report Share Posted August 1, 2013 So it would be normal for Midland funding to show on my credit report that I them (the jdb) zero? It makes sense that the OC would report zero, I just assumed Midland Funding would state I owe them on my credit report since theyre suing me. Thanks again Link to comment Share on other sites More sharing options...
MrBubby Posted August 1, 2013 Author Report Share Posted August 1, 2013 Midland funding reported zero shortly before initiating the lawsuit Link to comment Share on other sites More sharing options...
admin Posted August 1, 2013 Report Share Posted August 1, 2013 @MrBubby - The credit bureaus are known to have bad information, so I don't see you have an absolute defense this way. JMO. Link to comment Share on other sites More sharing options...
MrBubby Posted August 1, 2013 Author Report Share Posted August 1, 2013 Thank you for your input everyone! Link to comment Share on other sites More sharing options...
UCL Posted August 1, 2013 Report Share Posted August 1, 2013 What everyone else said, and also: the credit report is hearsay based on hearsay. Totally inadmissible and unreliable in the court's eyes. Link to comment Share on other sites More sharing options...
hot in az Posted August 1, 2013 Report Share Posted August 1, 2013 They do this all the time. Usually the lawyer does a hard pull to see if you are a good candidate to go after. Midland has to report the account as disputed.. So you can dispute with credit bureaus or wait until you win and then do it. It will not come up at trial so don't worry it is proof of any sort. Link to comment Share on other sites More sharing options...
MrBubby Posted August 1, 2013 Author Report Share Posted August 1, 2013 I am not worried at all Today I am filing my response with the courts. Thank you everyone! Link to comment Share on other sites More sharing options...
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