One of my creditors sold a charge-off to a CA which then reported it as a paid collection. The original creditor has not yet updated my CR to show transferred/sold, $0 balance. The new paid collection entry is also showing a $955 past due balance. Can I sue the original creditor for failing to properly update their original listing to "transferred/sold, $0 balance?". I'd like the original entry to just go away completely.
tmitchell I would like to know this as well. Wife has the same problem. Original creditor passed the debt on to a ca but is still reporting the full balance. We have disputed it with the CRA's and it has come back verified. Does this give us some leverage with the CRA or the original creditor??
Send the CA a letter demanding validation. If they mess up sue them. Make them eat the debt and clear your report.
Thanks for the info Ibrown and others. If my disputes with cra's come back verified I will definately validate with the ca. Do you think I have any leverage with the orgianal creditor for not marking the balance to zero? Sorry, Tmitchell I am not trying to take over the thread.
That's OK. I think I just got more ammo. I disputed the original debt with TU. The creditor could not verify and instructed TU to remove it. I specifically asked if they couldn't verify or if they failed to respond. TU said they responded and could not verify. Now, if I send validation to CA, they SHOULD NOT be able to validate since the original creditor couldn't verify - correct?
