Jump to content

Paying off OC, then pushing back on JDB?


Recommended Posts

I am not new to the credit repair scene, although it's been over a decade since I needed to do any repairs.  I dug myself out of the hole over 10 years ago, but I now find myself having to fix a few things again. It seems some of the tactics and methods have evolved over the years (FDCPA Regulation F is definitely interesting)

Anyways, please refresh my memory.
If someone has debts that are valid (meaning they are not challenging the validity, they acknowledged that the debts are accurate and legit), could they arrange to pay these debts with the OC and then send DV Letters to the JDBs? If the JBD truly validates, they will acknowledge the new status and be forced to remove or report the updated information (do they HAVE to remove at that point?). And if they continue to report inaccurate information after you make the request, you could then go after the JDB?

Am I missing anything?

Link to comment
Share on other sites

If the debt is owned by a JDB, then the OC no longer owns the debt.  That could make it difficult to pay the debt by paying off the JDB. 

Most times the OC won’t even talk to you. 

In theory the OC could sometimes buy back the debt, depending on the sale agreement.    But the JDB could still report the debt up to the time of resale. 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.