Debt Collection
Debt Collection
The debt is charged off in my credit report as Bad Debt.How can a collection agency demand payment if I have no legal binding document from them with my signature on it ?
The original contract is still binding and is what they are atte
The original contract is still binding and is what they are attempting to collect on. They bought the original contract that you probably signed. Other factors need to be considered when you consider paying that debt though. You need to have the collection agency validate it for starters. You also need to check the SOL for your state to determine if the debt is too old for them to sue and get a judgment. If you post the date you made last payment, your current state, the amount of the debt and the CA attempting collection then you others can help with strategies on how to handle the CA and the debt.
Charged off does not mean extinguished. They own it and you owe
Charged off does not mean extinguished. They own it and you owe it. If you'll provide the info requested in the preceding post, the forum can help you with a strategy for dealing with this.
