Re: Can creditors sell old accounts to collect for another 7 years?

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Posted by Sherene on March 01, 1999 at 09:47:57:

In Reply to: Can creditors sell old accounts to collect for another 7 years? posted by Terri on February 27, 1999 at 15:13:53:

: My husband has some old unpaid credit card accounts that are nearing their 7 year mark. We're now beginning to recieve notices from collections agencies about these accounts. Is it possible to have these old credit card accounts drop off only to be replaced with collection agency accounts? This would make the same debt be displayed for an additional 7 years. Is that legal?
: Also, can old collection agency accounts be sold to a different collection agency just before the debt is scheduled to drop off?

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: : My husband has some old unpaid credit card accounts that are nearing their 7 year mark.  We're now beginning to recieve notices from collections agencies about these accounts.  Is it possible to have these old credit card accounts drop off only to be replaced with collection agency accounts?  This would make the same debt be displayed for an additional 7 years.  Is that legal?
: : Also, can old collection agency accounts be sold to a different collection agency just before the debt is scheduled to drop off?


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