is it legal for the collections company to sell that debt to another company?
We had a debt come off our reports in the beginning of Feb. But today a different collections company called. I didn't think it was legal!! Problem is, we are set to close on a house in a matter of 3 weeks, and if it goes back on our credit report, and they check it again, we will be denied the loan. Our agent told me today it's a possibility they will re pull the report. She told me before I got the message on the machine, I did not talk with the company. I'm glad I looked it up to see who it was before I called them back. I put the question in this section, even though it will probably be moved, because there is so much traffic here. I'm so freaked out!!!
Asked by Anonymous at 6:25 PM on Mar. 25, 2011 in Money & Work
Answer by NotPanicking at 6:30 PM on Mar. 25, 2011
Answer by meandrphoto at 6:31 PM on Mar. 25, 2011
Answer by midnightmoma at 7:42 PM on Mar. 25, 2011
Answer by Anonymous at 8:51 PM on Mar. 25, 2011
Answer by admckenzie at 11:24 PM on Mar. 25, 2011
Answer by laird6372 at 7:39 AM on Mar. 26, 2011
since we are military, and they were trying to charge us for breaking lease due to military PCS orders when they legally cannot, then NO, I will not pay it. We do not have to:
You need to contact them and tell them that. You will have to explain that to them or it will stay on your credit for another 7 years OR you can order your credit reports and dispute it, it will also allow you to put explaination on that debt as to why it is on there.
Answer by matthewscandi at 8:33 AM on Mar. 26, 2011