Legal Question in Credit and Debt Law in California
credit, debt and collections law
if the original creditor, i.e.(capital one) charges off the original debt and sells it to a collection agency is the debtor still responsible for that debt?
Asked on 8/04/08, 11:33 pm
1 Answer from Attorneys
Larry Rothman
Larry Rothman & Associates
Re: credit, debt and collections law
You may be liable for the debt, but would have a defense if the Statute of Limitations had run. How long ago was the last payment made? - not when the debt was charged off.
Answered on 8/12/08, 12:33 pm
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