Legal Question in Credit and Debt Law in Florida

Assignment of Debt

If a credit card company assigns your debt to a collections agency, are you still bound by the card holder agreement or would you have a new contract with the collections agency?


Asked on 6/09/03, 2:55 pm

2 Answers from Attorneys
David Slater David P. Slater, Esq.

Re: Assignment of Debt

The assignee stands in the shoes of the assignor and is entitled to all contract benefits.

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Answered on 6/10/03, 12:15 am
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: Assignment of Debt

You are still bound by the original agreement.

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Answered on 6/10/03, 2:44 pm


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