Can a credit card company sue after selling your debt for collection?

Answer After a collection agency purchases your debt, it owns your account. Although the collection agency may opt to file a lawsuit against you to collect the debt, the original creditor has already writ... Read More »

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Can a credit card company pursue debt after 7 years?

Collections that are past 7 years old are usually erased from the credit report if it has not been paid during that time. In some cases the collector can still sell the account or debt to collect w... Read More »

How to Reduce Credit Card Debt by Calling the Company Yourself?

When you are burdened with unmanageable credit card debt, it might seem intimidating or even humiliating to contact the credit card companies and negotiate with them yourself. However, when your cr... Read More »

How Many Years Can a Credit Card Company Try to Collect a Debt?

A credit card company can attempt to collect on a debt for the rest of your life. There are state laws governing how many years credit card companies have to successfully pursue you in court for un... Read More »

What happens when a credit card company can't validate the debt to the consumer?

If you are being hounded for a debt you don't think you owe, you have the right to demand proof of its legitimacy. There are several federal laws that require both creditors and credit bureaus to p... Read More »