I did a search and can't find the answer to this: My husband has a Sears collection account that is $0.00 due it was purchased by another lender. The other lender is not reporting, Sears is. Should I dispute this saying that Sears no longer owns the account therefore should not be reporting this account? It's probably really obvious to everyone else, but I have been looking at these reports since 6:00am and I'm a little cross-eyed right now. Thanks for all of your help. Bobbi P.S. I finally finished all my copying
I am no expert, but I can tell you what the CRA will say...They will tell you that if Sears is reporting it transferred or sold, then they can continue to report it, even if the CA is reporting too. So then you get to have 2 bad accounts instead of just one. Yeah! See my post titled Student Loans. Larissa
Larissa That's the weird thing, the collection agency isn't reporting, just Sears. The way I'm looking at it is, if Sears sold it, how can they report anything at all. Is it just wishful thinking on my part? Thanks for your input Bobbi
I think so. For example, if this was a good account that was sold to another company, would you want the first company's tradeline to be deleted? Probably not. Not trying to be mean, just keeping it real.
Love: Don't worry about it, I prefer an upfront answer. It's great to be able to ask about this stuff. When you first look at it, it looks one way to you and you don't know if it's right or not. Thanks for answering Bobbi
