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I had two Cap 1 cards that were charged off and sold to collection agencies over five years ago. Yesterday I got a statement for each card from Cap 1? I didn't know this was legal. Can they actually bill you once they have sold the debt?
capital one issues
Hi FarmGirl,
Welcome to this community :)
Can they actually bill you once they have sold the debt?
No, once a debt is sold off to a collection agency, the creditor can't bill you anymore. However, are you sure that these debts were sold off. The creditors do not always sell the debt to a collection agency. They sometimes just assigns the debt to a collection agency. This collection agency can also be the creditor's in-house collection agency. So, you need to find that out.
Also get hold of a copy of your credit report to check who now holds the accounts.
Thanks,
Aaron
how do you know that Crap1 sold this?
What state do you live in?
what is the DOFD. date of first delinquency