Was sued by a creditor, and now the debt is sold?

Credit Report & Score Guide Forums Credit Repair Forum Was sued by a creditor, and now the debt is sold?

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  • #17209
    Guillermo
    Guest

    I was sued by a collection company called Resurgence Financial LLC. Now my debt has been placed with another collection company. Is this legal? Who do I owe now to, and who should I pay?

    #17314
    Stacy Wall
    Keymaster

    You owe the new collection agency

    There’s no limit to the number of times your debt can be sold. There are collection agencies that specialize in buying up judgments and then taking action to collect.

    You can expect to see wage garnishment and/or bank attachments in the near future.

    In any case, when a company sells your debt or judgment, you no longer owe them. You owe the company that purchased the debt.

    All of your negotiations should be done with the collection that bought your debt.

    Hope this helps…





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