RobinMontrose Posted February 24, 2021 Report Share Posted February 24, 2021 How many times can a debt be assigned? I heard it was four times? Which FL and which Federal Statute states it is illegal to assign a debt to more than FOUR collection agents? Quote Link to comment Share on other sites More sharing options...
willingtocope Posted February 24, 2021 Report Share Posted February 24, 2021 As far as I know, there is no limit. FL may have a law, but I doubt it. Quote Link to comment Share on other sites More sharing options...
BV80 Posted February 24, 2021 Report Share Posted February 24, 2021 25 minutes ago, RobinMontrose said: How many times can a debt be assigned? I heard it was four times? Which FL and which Federal Statute states it is illegal to assign a debt to more than FOUR collection agents? There is no federal statute that I know of that limits the amount of times a debt can be assigned. A FL attorney could tell you if there is such a state law, but as @willingtocopestated, I doubt one exists. Quote Link to comment Share on other sites More sharing options...
LegalWarrior Posted February 27, 2021 Report Share Posted February 27, 2021 On 2/24/2021 at 5:29 AM, RobinMontrose said: How many times can a debt be assigned? I heard it was four times? Which FL and which Federal Statute states it is illegal to assign a debt to more than FOUR collection agents? What's more important or that i believe is more important is the purchasing agreement between each party that buys the debt. The more times a debt is sold the harder it is to prove that they have standing to collect the debt. Take a look at unifunds agreement at the link below. https://debtbuyeragreements.com/archives/tag/unifund-ccr-partners Quote Link to comment Share on other sites More sharing options...
RobinMontrose Posted February 27, 2021 Author Report Share Posted February 27, 2021 2 hours ago, LegalWarrior said: What's more important or that i believe is more important is the purchasing agreement between each party that buys the debt. The more times a debt is sold the harder it is to prove that they have standing to collect the debt. Take a look at unifunds agreement at the link below. https://debtbuyeragreements.com/archives/tag/unifund-ccr-partners So could this be presented as evidence to the CRA for removal? All I know is every time I dispute, they resell the debt. Some as many as six times. If there was a law or ruling I could use those for removal. Quote Link to comment Share on other sites More sharing options...
BV80 Posted February 27, 2021 Report Share Posted February 27, 2021 20 minutes ago, RobinMontrose said: So could this be presented as evidence to the CRA for removal? All I know is every time I dispute, they resell the debt. Some as many as six times. If there was a law or ruling I could use those for removal. No. It cannot be used to force the CRAs to remove the credit report entry. Credit reporting agencies do not require proof of ownership in order to report information. All that is required is that the information is accurate. Quote Link to comment Share on other sites More sharing options...
BV80 Posted February 27, 2021 Report Share Posted February 27, 2021 3 hours ago, LegalWarrior said: What's more important or that i believe is more important is the purchasing agreement between each party that buys the debt. The more times a debt is sold the harder it is to prove that they have standing to collect the debt. Take a look at unifunds agreement at the link below. https://debtbuyeragreements.com/archives/tag/unifund-ccr-partners That has no effect on credit reporting. If a consumer disputes derogatory information on his CR, he bears the burden of proving the information is either incorrect or that the furnisher does not have the authority to report. Past purchasing agreements, especially ones that have nothing to do with the consumer’s account, have no effect on reporting. Quote Link to comment Share on other sites More sharing options...
BV80 Posted February 27, 2021 Report Share Posted February 27, 2021 45 minutes ago, RobinMontrose said: All I know is every time I dispute, they resell the debt. Some as many as six times. How do you know the debt is being “resold”? Quote Link to comment Share on other sites More sharing options...
RobinMontrose Posted February 28, 2021 Author Report Share Posted February 28, 2021 On 2/27/2021 at 7:53 AM, BV80 said: How do you know the debt is being “resold”? "Reassigned" I get another dunning notice from another collector Quote Link to comment Share on other sites More sharing options...
willingtocope Posted February 28, 2021 Report Share Posted February 28, 2021 "Reassigned" is one of those "weasel" words the credit industry uses. It can mean sold but normally it means the current owner just contracted with another collector to hassle you. Who was the original creditor? Quote Link to comment Share on other sites More sharing options...
RobinMontrose Posted March 2, 2021 Author Report Share Posted March 2, 2021 On 2/28/2021 at 3:49 PM, willingtocope said: "Reassigned" is one of those "weasel" words the credit industry uses. It can mean sold but normally it means the current owner just contracted with another collector to hassle you. Who was the original creditor? Barclays Quote Link to comment Share on other sites More sharing options...
BV80 Posted March 2, 2021 Report Share Posted March 2, 2021 12 hours ago, RobinMontrose said: Barclays Is Barclays reporting? If so, does it show a $0 balance? If it shows you still owe a balance, Barclays still owns the account. Quote Link to comment Share on other sites More sharing options...
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