I have always been confused regarding this type of reporting. When a CA is "assigned" a debt, when can they report to the CRA as the debt being delinquent? From the date they acquired it or from the date the OC reported it delinquent? Also, why can a debt be listed twice on a CR, once from the OC and once from the CA? I thought that a debt can't be listed twice on the same CR. I'm going to try to do a search on this topic but thought I might get faster results this way! Thanks for anyone's input!
FCRA strictly defines the "Status date" as being the date the debt originally went delinquent. If the CA changes that to the date they got it, they have re-aged the account which is actionable under FCRA.
Re: Re: CAs Reporting to CRAs If its listed twice, the OC should be showing it as "sold or transferred" -0- balance. jlynn ================ So how can a CA collect on a 0 balance?
Re: Re: Re: CAs Reporting to CRAs Jlynn, What if the OC states that is was transferred but still shows the balance? Or if the OC doesn't stated that the account has been transferred or sold but a CA is listing the debt also? What is the course of action?
