I have a Cap1 CO and it went to Viking. How can I tell if it was sold to Viking? Are they always sold off first? Is there anyway I can get it back to Cap1... ? Thanks
Most CO's are just "Transferred" to the CA's and can easily be sent back. There is an easy way to check to see if it's been sold or transferred but I have an easy rule of thumb. Answer this question, and the answer to this question often is the answer to the question Was this CO account sold to the CA? Is the account past the SOL for collection by more than a year? The reason this often works, is that most OC's will keep ownership of a newer account with the hopes that a CA will be able to get a gullible person to start sending in payments or pay it off in full. The older the account, the less likely that anyone is going to get any money out of it, the more likely the OC is going to be wanting to get pennies on the hundred dollar back on it. The only real way to see is to get a recent credit report and look at the OC. If it is sold, it should state balance of $0 and often should say that it was sold to XYZ or the tradeline of XYZ collection agency would say bought from OC. If it's been not too long, you might be able to send something to Cap One to agree to make payments on it to pay it off. BUT IF YOU DO you will be admitting to the debt being yours and fall into the 7 years of it being stuck on your credit report. ChrisB
