Question about debt?
Date: Sat, 12/08/2007 - 10:01
I have a company, calling me about a debt that I won an arbitration award on in 2004. I thought this was over but I received a call in 2007 about this particular debt. I sent them a copy of the award and they won't acknowledge it. They proceeded to call me about it and eventually sold it off to another company. (Capital Management Services). I know the original creditor has written the debt off so I guess my question is does the current owner have the right to sue even though they aren't the orig. creditor? Also how can a cc company charge off a debt and then try to have someone else collect on it? Doesn't that seem unlawful? thank you.
The original creditor may have charged it off, but that does not
The original creditor may have charged it off, but that does not mean that they didn't sell the debt to another company to collect it.
What happened at arbitration?
i received an arbitration award in my favor, however, I never tu
i received an arbitration award in my favor, however, I never turned it into a judgement and I don't think that I can do that anymore. I guess I thought that the original creditor was the only one who could initiate a lawsuit. This is like the 4th or 5th collection agency that bought this debt. This debt is from 2004.
