Monthly statements after account sent to ca

Discussion in 'Credit Talk' started by peeper, Jan 24, 2007.

  1. peeper

    peeper Well-Known Member

    If an oc sends an account to a ca can the oc still send monthly statements?
     
  2. bizwiz41

    bizwiz41 Well-Known Member

    The OC can still send monthly statements if they only contract the CA as an agent; in other words they do not sell the debt to the CA. As long as the OC still has ownership/possession of the account, they can send statements.

    Generally, if they are sending the account to a CA, then they have already closed the account, and would stop sending statements.
     
  3. ontrack

    ontrack Well-Known Member

    If the OC on a revolving account is adding interest and fees, they may have to send statements, under FCBA.
     

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