Debt validation

The new company has an "assignment of judgement" from the old company, so yes it does simply transfer over.

When a company buys another company they usually acquire assets (furniture and stuff). Well, the accounts receivable is considered an "asset," and so it goes with the furniture.

So you are bound to the judgement although the company might want to talk about a "settlement" for a lump sum payment. If you can round up some money, it might not be a bad idea to check into it.

As soon as a new DCA or DC becomes owner of a debt, a consumer should demand verification within the 30 days alotted by the fdcpa.

A consumer who has experienced the sale of a consumer debt should try to confirm in writing that it indeed has been sold. If one pays an imposter or a "new" creditor (DC) who mistakely believes that it now owns the debt, he or she still owes the money to the "real" creditor (DC).

Thank you for your responses, I have sent them a debt validation letter. It would seem to me that they would have to prove who they are and the debt also.

I would also like to add that I wish I had know better at the time, but I was never informed of a court date by Action Management, the original debt collector. One day they sent me a copy of the paperwork for the judgment and that was it. Shouldn't I have been informed first and the debt validated at that point?