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Capital One Issues

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Joined: 23 Sep 2010
FarmGirl's page
Posts: 1

24 Magic Points

Subject: Capital One Issues
Posted on Thu Sep 23, 2010 1:54 am  

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?


Joined: 08 Feb 2010
Aaron's page
Posts: 2632

48565 Magic Points

Subject: capital one issues
Posted on Thu Sep 23, 2010 7:37 am  

Hi FarmGirl,

Welcome to this community Smile

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.


Keep in touch Smile

Joined: 01 Nov 2008
cinnamngrl's page
Posts: 1320

6413 Magic Points

Posted on Thu Sep 23, 2010 10:49 am  

how do you know that Crap1 sold this?

What state do you live in?
what is the DOFD. date of first delinquency
CMRRR Templates
How to PFD, OPT-out, Complain, etc
All credit articles at EHOW

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