Legal Question in Credit and Debt Law in California

Collections / Judgments

I have a borrower trying to re-fi their home. They have some unpaid collections that are credit card debt. I have been told that if the original creditor is still holding the debt, that creditor can go for a judment. If the debt has been sold off to a collection agency, the collection agency cannot go for a judgment. Is this correct?


Asked on 10/29/07, 3:56 pm

1 Answer from Attorneys
Joel Selik www.SelikLaw.com

Re: Collections / Judgments

It is not true.

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Answered on 10/29/07, 4:11 pm


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