I have a c/o account that was sold to a collection agency that is being misreported by the OC as being 120 days late. I PFB the OC regarding this issue and was called by a representative from their executive office. I explained to the representative that her company (the OC) is misreporting the account. She told me that because the account was sold I would have to contact the Collection agency the account was sold to have it corrected. Since I am fully aware that this is BS and not what the FCRA requires of a furnisher I asked her to send me this in writing and she did. The letter I received states: Thank you for your recent inquiry to XXX regarding the reporting of the above listed account to your credit bureau report. Pursuant to our conversation, on xx/xx/xxxx Collection agency XXX purchased your account from us. Any concerns regarding this account and it's reporting to your credit bureau should be referred to their office. You will find their contact info below. So now that I have it in writing that they are refusing to verify the account what do I do next?
The account didn't report itself. The OC reported it. If they are reporting in error, dispute the error with the CRA. If the OC then verifies to the CRA that what they are reporting is correct, you might then have a case against the OC for reporting erroneously. Since the OC claims they have sold the account, does their tradeline show $0 balance? It should.
Yes it does but they are reporting it currently 120 days past due. I have also disputed with the CRA and it came back verified by them.
Others may know better, but it may be accurate to report it 120 days late, if it reached that before being sold. If the OC is now reporting $0 balance that part is correct. The CA can now report their own TL, but as a collection account with a balance, and no late reporting.
