Forums
Does a collector have a right to collect on a credit card debt that was charged off by the original creditor? Especially when that original creditor received a tax credit for it, not to mention bail out money for their losses. Also, its not their debt to collect.
My understanding is there may be an RCW code or legal reference out there. Can anyone provide the RCW code?
Does a collector have a right to collect a debt?
If the original creditor assign the debt account to the collection agency, then the collector has the right to collect the debt. They can also file a lawsuit against you, if you don’t make any payments.
Hi rstipa,
Yes the collection agency can try to collect the money if the debt has been assigned under their name. Charge off means the debt has been handed over to a collection agency - either in-house or a separate collection agency. In your case it seems that the creditor has sold off the debt to a separate collection agency.