sale or assignement
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Posted by Toys34238
(169.139.224.10) on December 17, 2003 at 13:31:44:
The attorney that has taken my husband to court has produced documents claiming the account was sold to him. It appears that the account was actually "sold" three times within a 2 month period. Once from the original creditor to a collection agency, from that agency to another and then from the third to the attorney that has it right now. It says the accounts were sold for $1. Can this be right? Is this truly sale or an assignment? Do they buy an entire block of charged off accounts? Is this really validating the account? What else should I ask him to produce? Any help would be greatly appreciated.
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