Credit card debts

Subject:

Comments:
: I like to know when credit card debts are sold : as we know"Penney on the Dollar" to more than one : colletion. : 1) Who still have the right to sue in case they decide to : consider suing (the original creditor or the second : or third buyer who owns the account). : 2) If the debts were sold and originally I have lied on : the application, could the second or third buyer have : the same right as the original owner to file a law : suit claiming criminal charges by lying on my original : application, or the original owner has to do that. : 3) After the debts have been sold, does the original : creditor follow up on it, or just forget about it : after that point, or what is his ties to it after : selling it. : 4) When the original creditor sells the debts, does : he sells it as a package ( just the debts), or he sells it with every : detail involve in the accounts, such as: : Late payments record, on time payments record,overdrawn : records, Credit limit increase record,etc... : So the buyer can have a track of the account history : in case of a law suit consideration. : 5) Your advice on a credit card debts that is three years : and two months old in the State of Oklahoma. No suits : have been filed against me yet and the original creditor : and the second and third holders holders (buyers) of : my accounts have charged off my debts as bad debts. : I am just keeping a low profile for all this period. : I am at the point of holding a real job, should I : consider a bankruptcy before starting my real good : pay job or just wait and see if they would sue me : first. I am afraid if they know I am making good : money, they will get aggrevated and sue me for : collection and no way I could pay back $200,000 debts : that I have accumulated in a bad business decision. : That's why I need to know how debts are habdled after : being sold by the original creditor. : I appreciate your time in answering my questions. : Andy

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