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Red123

chain of title?

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had a credit card from sears that was opened in 1991 - when sears was in the credit card business-. citigroup now known as citibank bought them out in 2003. 

would a junk debt buyer need to show bill of sale from sears to citigroup, citigroup to citibank or would citibank to jdb be sufficient, since card was used for years.

this card defaulted in 2015

 

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They only need to show the transfer to them from whatever statements you last made payments on. 

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16 hours ago, Red123 said:
 

had a credit card from sears that was opened in 1991 - when sears was in the credit card business-. citigroup now known as citibank bought them out in 2003. 

would a junk debt buyer need to show bill of sale from sears to citigroup, citigroup to citibank or would citibank to jdb be sufficient, since card was used for years.

this card defaulted in 2015

 

It is public record that Citigroup acquired Sears’s credit card business in 2003.   Unless Citigroup purchased only some of the credit card accounts, it would stand to reason that all of the accounts were purchased.  

Since Citibank is part of Citigroup, there would be no separate chain of title between Citigroup and Citibank.  

In addition, if you used the card when it was with Citibank, you accepted that it was your creditor.  

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