Legal Question in Credit and Debt Law in Pennsylvania
judgment filed against me
i had a judgment filed against me in june of 2003 for a sears charge account since then it has been brought to my attention that it has been sold to another collection agency. is this legal? or did they just buy there own account
2 Answers from Attorneys
Re: judgment filed against me
Most likely the "sale" was more of a referral to a collection agency or group of agencies that Sears uses. The FTC does not distinguish between a sale and collection activities for purposes of the Fair Debt Collection Practices Act. If you want to find out more about this, just do a Google search for Federal Trade Commission and Barry Sussman.
Re: judgment filed against me
with all due respect, it is very likely that this account was sold to the collection agency. bad debt is sold quite often in the united states, it is a booming business. the agency may have paid sears pennies on the dollar for the right to collect on the judgment against you. this is very legal.
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