Re: Can OC sue after they sell account?

Posted by ANON (12.225.196.254) on July 24, 2003 at 03:25:39:

In Reply to: Re: Can OC sue after they sell account? posted by Janey on July 23, 2003 at 09:13:38:

AS I understand it, when a bad debt buyer buys a debt they are accepting responsibility that you will pay it. A collection agency can only sue when they are acting in the interest of a creditor that has lost money. You have no obligation to a bad debt buyer because you never had a contract with them. I'm not sure. You should find out if MBNA actually sold your debt. Credit reports list both collection agencies and original creditors. Like I said 9,000 is a lot for a credit card to sell.

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