ok, here is the thing. I have been trying to clear up my Discover account. Unfortunately this is causing a few other accounts to backfire...I assume they are all owned by the same company? Sears - says account transferred or sold RMA took over Sears account- SETTLEMENT ACCEPTED ON THIS ACCOUNT is reported as of 6/2001 My problem is SEARS just today, (after I contacted Discover and told them I wouldn't pay the settlement unless they deleted their negative reporting) has reported me as 120+ days late. It looks like this..... Sears Whose Account INDIVIDUAL ACCOUNT Date Opened 12/1993 Last Activity 10/1996 Type of Account Revolving Account Status 120+ DAYS PAST DUE Months Reviewed 35 High Credit $0 Terms Balance $0 Past Due Date Reported 06/2002 Times Past Due Previous High Status: 30 Days 01 60 Days 00 90 Days 01 Description ACCOUNT TRANSFERRED OR SOLD Is this legal?
Just wondering if it is illegal for the original creditor to report on an account that has been sold. help!
Sears is hooked up with discover, and RMA as you know is the CA for Sears,, but anyway, what did it used to say CHARGE OFF, now says 120 days?? its coming off 10/2002, its a faul up, dispute as not mine,, it was paid off thru RMA so perhaps they wont bother, let me ask you a quick ?, there are two tradelines one the Sears and the other the RMA? RMA says "settled" when you paid in 2001, did RMA re age this debt, or does it still show up on your experian as coming off the same time as Sears?? did RMA really buy the debt from Sears, or were they just collected for Sears,,? thanks
