So January is not a JCB? Merrick is on the CR as charged off but an email from January arrived. What is the next step?

[2021CR]

So January is not a JCB? Merrick is on the CR as charged off but an email from January arrived. What is the next step? Reply to January? Merrick reported " Profit and Loss Write off Charged off as a bad debt" in the CR. Thank you

[centex]

They may or may not be a purchaser.  Even if an OC has charged something off, they may still own the paper and use third-party entities to collect.  They may also have elected to sell the paper, depending on how stale it was. The language in the reply you receive to any manner of dispute will likely clarify things for you. 

 

I would add that an email is likely going to have snail mail arriving shortly after...

[2021CR]

On 6/2/2026 at 2:38 PM, 2021CR said:

So January is not a JCB? Merrick is on the CR as charged off but an email from January arrived. What is the next step? Reply to January? Merrick reported " Profit and Loss Write off Charged off as a bad debt" in the CR. Thank you

JDB*

[Bluesie58]

On 6/2/2026 at 5:38 PM, 2021CR said:

So January is not a JCB? Merrick is on the CR as charged off but an email from January arrived. What is the next step? Reply to January? Merrick reported " Profit and Loss Write off Charged off as a bad debt" in the CR. Thank you

Is Merrick reporting a balance still owed?  If so, then Merrick still owns the account.

 

When an original creditor sells an account, it must report a $0 balance owed.  That is because the balance is owed to the new owner and the original creditor no longer has anything to do with the account. 

[RichieRich2]

Oh, January is real and it's spectacular.

 

I paid them off in February or so.

 

They show up when you don't pay Merrick Bank and can do collections things.

[RichieRich2]

On 6/26/2026 at 4:18 PM, Bluesie58 said:

Is Merrick reporting a balance still owed?  If so, then Merrick still owns the account.

 

When an original creditor sells an account, it must report a $0 balance owed.  That is because the balance is owed to the new owner and the original creditor no longer has anything to do with the account. 

 

You can also ask an Original Creditor to "recall" the account from a CA.. but, as you mentioned, if they 100% charged it off, they won't (can't?) do it.

 

Some.OCs are agreeable to doing that (within 90 days?) but once it is charged off, then CA rules apply...