Does anyone know any case law regarding whether an OC can report and/or verify a debt they have sold to someone else?
purchased by another lender...
bump
Atlanta, see FTC: BENNER (http://demospace.net/vgcredit/popup.asp?curid=REF_FCRA_BENNER) and FTC: GOWEN (http://demospace.net/vgcredit/popup.asp?curid=REF_FCRA_GOWEN) ... it's about obtaining a CR, not about reporting, but it still makes few things clear.
FCRA 623(a)(1)(A) (http://demospace.net/vgcredit/popup.asp?curid=REF_FCRA_623(a)(1)(A)) should also apply, because reporting an account which belongs to someone else is, in fact, inaccurate information.
Here is something from FDCPA:
812. Furnishing certain deceptive forms [15 USC 1692j]
(a) It is unlawful to design, compile, and furnish any form knowing that such form would be used to create the false belief in a consumer that a person other than the creditor of such consumer is participating in the collection of or in an attempt to collect a debt such consumer allegedly owes such creditor, when in fact such person is not so participating.
HTH :-)
FCRA 623(a)(1)(A) (http://demospace.net/vgcredit/popup.asp?curid=REF_FCRA_623(a)(1)(A)) should also apply, because reporting an account which belongs to someone else is, in fact, inaccurate information.
Here is something from FDCPA:
812. Furnishing certain deceptive forms [15 USC 1692j]
(a) It is unlawful to design, compile, and furnish any form knowing that such form would be used to create the false belief in a consumer that a person other than the creditor of such consumer is participating in the collection of or in an attempt to collect a debt such consumer allegedly owes such creditor, when in fact such person is not so participating.
HTH :-)
Example Unordered List
Tackling my last CO!!!!!Orchrd Bank-how long befor
Asset Acceptance
Chase Perfect Card
Wish me Luck!
TL Deletion Question
credit repair
Old addresses
I have a very silly newbie
Tricks
