I settled with Bank of America on two credit cards last year. Two months ago I received a bill from a collection agency that said I owed money on the Bank of America Credit Card. I called BOA and they explained to me that my account was settled/closed out, they couldn't access any of my information and that card was sold to Barclays. I call Barclays and they explain that they can't help me, it's in default and to contact the collection Agency. I contact the collection agency, send over all of the paper work ( settlement agreement, pay dates, copies of checks, ect.. ) the tell me they'll close out my account because their must have been a "mistake".

I just received another letter today from another collection agency stating I owe the money from the Barclays/BOA Credit Card. I call them up, explain the story on how I settled with BoA and now they want to see all the settlement paperwork.

My question is this: Does this happen a lot? Why would BOA sell off my account when I settled on it? What can I do to make them stop from sending me to collections? I obviously have all the paperwork and proof I settled.

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i would send them all of the paperwork that you have.. something similar happened to me once and it all comes down to how they word the settlement. in my case i thought i was settled and paid in full but in reality they sold the remaining balance to a third part collector and after they validated i did have to pay.

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Have you got anything from them marked as 'settlement in full' or similar? That right there would constitute a pat defense.

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The four 'no's of dealing with collectors:
No validation? No payment. No way! No kidding!!

Tellin' you all the zomby troof
Here I'm is, the zomby woof
[Frank Zappa, 1988 - R.I.P.]

hopefully your letters stiate payment in full like wolf says or they could have sold the remaining balance to someone else. but if it does, be sure to send them all the info proving it settled so that they can remove it it shouldnt be a issue, just inconvience

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