How will I know whether or not a CA actually has my debt assigned to?

Date: Wed, 08/31/2016 - 23:03

Submitted by Emily on Wed, 08/31/2016 - 23:03

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If I’m contacted by a collection agency, how will I know whether or not they actually have my debt? Do the creditors assign the debt or sell the debt to the CA?

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Some sell, some assign. Call

Some sell, some assign. Call the original creditor and ask.

Submitted by SOAPLADY on Thu, 09/01/2016 - 16:33

SOAPLADY

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You can also ask them to

You can also ask them to validate the debt in writing. You'll get all your answers.

Submitted by ditchdebt on Thu, 10/13/2016 - 09:16

ditchdebt

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Once validated, make sure

Once validated, make sure your debts off, as failing to do so may get you sued by your creditors for defaulting on the loans. It may in turn worsen your financial health further.

Submitted by paulcahill80 on Sat, 10/15/2016 - 10:05

paulcahill80

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