selling debt

You need to get the settlement offers IN WRITING before you settle. If they do sell the debt, you will then have proof you settled it. You keep a copy of the letter and a copy of your cancelled check .

Hi, Have you made the settlement agreement in writing? I think you have done a verbal agreement with the credit card company. Verbal agreements are not legally binding. So, the card company can do this without being taken to court. I think it will be better if you get the settlement agreement in writing. Once you get the settlement agreement in writing, the the card company will think twice before selling your debt to another CA. You should keep a copy of the settlement agreement with you. this will help you to prove that you have settled the debt with the card company. You can also contact an attorney to legal advice from him .

Verbal agreements ARE legally binding.However it all comes down to "he said, she said" if the collector did not properly document the account. That is why you should always get a settlement agreement in writing to CYA!