Hi Yall: I'm not lost, just long departed, and now returned. Credit Correction is back in my blood, and this year looks like a doozy for me to hit it off right. Couple of nagging, long term questions: (1) If, for whatever reason, an OC or CA deletes a TL off of the consumers file, can they still sell the debt (if they've bought it) to another CA, who can then re-report the debt? (1a) Or, worse yet, can an OC rebuy the debt back once sold? (2) If a CRA (such as TU) deletes a negative TL, and the debt is still held and is still being collected on by either the OC or the CA, can't the debt be placed right back on the consumers report back at the CRB if either the OC or CA wishes? TIA Nex
Just because its off your report, that doesn't mean the debt does not exist Yes they can. I'm not sure why the would, but free enterprise would say they could. It can, its called reinsertion, and there are very specific steps the CA must follow in that case - they usually don't. TIA Nex [/B][/QUOTE]
Thanks, this is making sense again. But I guess the question is : what's the liklihood of this happening frequently? ("this" being: an OC or a CA selling to another CA: repeating the derog cycle). I do know with certainty that a CA sold one of my debts to another CA -- I ignored that particular debt and didn't respond at all. I'm just not sure what the actual transfer potential is when you have SUED a CA, and that CA has deleted the TL from the CRA. Other CA's that come along would avoid that TL/debt like the plague, I suspect -- seeing the fact that the previous CA was being sued w/r/t the debt. Anyhow - thanks for the quick reply. Gearing up for a full frontal assault soon...
Re: Re: Back after hiatus - w/questions 1. Happens all the time. 2. I don't know that I would have ignored it. 3. Not sure either 4. Your'e assuming CA1 told CA2 before selling. What's the likelihood of that??? LOL