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Selling of charged-off account
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Posted by melsp
(152.163.206.197) on July 06, 2002 at 18:11:46:
At least one year ago, my Sears account was charged off. I've been contacted by a company called Portfolio Recovery Associates and told they bought the debt and I now owe them. Does PRA have any legal standing--do I owe them, or Sears? I do want to pay this debt, but it seems to me that if I pay PRA rather than Sears, I will STILL owe Sears and that will not help my credit any. If I don't owe PRA, what steps should I take to get them to stop bothering me? I'm tempted to just send the payment to Sears and tell PRA to collect from them, but that probably would only create a bigger problem. The total debt is less than $500. I live in Michigan. Thanks!
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