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

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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?

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

Sub: #1 posted on Thu, 09/01/2016 - 16:33

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

Sub: #2 posted on Thu, 10/13/2016 - 09:16

ditchdebt ditchdebt

(Posts: 679 | Credits: )

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.

Sub: #3 posted on Sat, 10/15/2016 - 10:05

paulcahill80 paulcahill80

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