If a collection company purchases a charged off account from a credit card co, is it legal for the credit repor to show the credit card co account as a charge off and the collection company (now the owner of the account) as a collection account?
I have that same problem, providian charge off, gulf state bought it, they are both on report, I called the CRA and they said its legal, but I disputed gulf and its gone now
I have one charged off credit card that has been sold or transferred to a collection agency, yet no mention of the collection agency just the charge off.
