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If a debt is sold to another company, do I have to pay? DAC

Oct 29, 2016 · 1. Your creditor has employed the debt collection agency to reclaim your debt. 2. Your creditor has sold the debt on to the debt collection agency . In scenario one you still owe the money to your original creditor – the debt collection agency is just acting on their behalf to get it back.…

Can You Use a No Contract Dispute for Debt Collections?

Jan 24, 2020 · The companies you originally create a debt with assign or sell delinquent debts to third-party collection agencies to collect the debts on their behalf . While you did not create a contract with the collection agency (unless you entered a new agreement to settle or pay the debt), the original creditor has the right to sell your original contract.…