Charge-Offs, Bankruptcies & Collection Agencies
Wednesday, July 26th, 2006 I have a charge-off on my credit report because of a bankruptcy five years ago. If the company that wrote it off sells the debt to a collection agency do I need to pay? The damage is done now. It’s been on the report since the bankruptcy. I’m rebuilding and financially things have turned around again. Do I need to pay the collection agency? Thank you.
Stan
Like many people, Stan has had some problems with debt. And he’s not sure what his responsibilities and rights are. Let’s see if we can’t help him make sense of the situation.
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