CA has account where OC no longer in business

joedirt · 02-11-2008, 06:26 PM

CA says they dont own the debt and has not, as of yet validated. Can they still try to collect??

centex · 02-11-2008, 08:17 PM

sure they can.

Rare is the instance that a company goes out of business and records just go *ppof.* All of those documents are just like any other receivable...they were purchased by SOMEONE as an asset or are in the hands of a trustee in the even that the cessation of business was involuntary.

Enigma · 02-11-2008, 08:27 PM

Is it being reported to your CR's?

jlynn · 02-11-2008, 10:36 PM

If you disputed within 30 days of the initial communication, they can't continue collecting until they do validate.

joedirt · 02-11-2008, 11:17 PM

No I did not dispute early enough. Yes they are on my CR with the CA as the "Creditor Name" and the OC as the OC. So I dont have a shot at getting these dropped by paying the OC. Do you think I should just pay them and take my licks. from 02

hannah · 02-12-2008, 12:18 AM

What state are you in, Joe? You may still have some type of validation rights based in state law.

joedirt · 02-12-2008, 07:31 PM

Im in Connecticut

hannah · 02-12-2008, 07:34 PM

Quote:

Originally Posted by joedirt

Im in Connecticut

I'll see what I can find.