Comments on: Reader Question: A Collection Company Sold My Debt After It Was Paid Off http://www.askmrcreditcard.com/creditcardblog/reader-question-a-collection-company-sold-my-debt-after-it-was-paid-off/ Latest Credit Card News, Reviews and Information Fri, 05 Dec 2008 16:22:09 +0000 http://wordpress.org/?v=2.6.5 By: Finance Fiesta #7: Mamma Mia Edition | LivingAlmostLarge http://www.askmrcreditcard.com/creditcardblog/reader-question-a-collection-company-sold-my-debt-after-it-was-paid-off/#comment-76616 Finance Fiesta #7: Mamma Mia Edition | LivingAlmostLarge Thu, 17 Jul 2008 13:55:28 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=549#comment-76616 [...] Credit Card from Ask Mr Credit Card answers a question from a reader “A Collections Company Sold my Debt After it was paid off.”  This explains in detail the steps to take when your debt has been sold off and you have [...] [...] Credit Card from Ask Mr Credit Card answers a question from a reader “A Collections Company Sold my Debt After it was paid off.”  This explains in detail the steps to take when your debt has been sold off and you have [...]

]]> By: Jenna http://www.askmrcreditcard.com/creditcardblog/reader-question-a-collection-company-sold-my-debt-after-it-was-paid-off/#comment-76321 Jenna Mon, 14 Jul 2008 13:23:41 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=549#comment-76321 @Tim >>Start by calling the old lender rather than giving personal info to something or collection company that looks “official”. there are lots of scams around that troll for personal info that look official when they are not. Yes! That's a really good point. @Tim

>>Start by calling the old lender rather than giving personal info to something or collection company that looks “official”. there are lots of scams around that troll for personal info that look official when they are not.

Yes! That’s a really good point.

]]> By: Tim http://www.askmrcreditcard.com/creditcardblog/reader-question-a-collection-company-sold-my-debt-after-it-was-paid-off/#comment-76083 Tim Fri, 11 Jul 2008 16:35:51 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=549#comment-76083 the very first thing she needs to do is to verify the collection company. Start by calling the old lender rather than giving personal info to something or collection company that looks "official". there are lots of scams around that troll for personal info that look official when they are not. hopefully, you have past records of paying off the debt. this is the reason why anyone who is paying anything off should get a confirmation letter from a lender/creditor that verifies that the debt was paid off. Heather should confirm with the old lender that this is the case. If not, she should also find out why the old lender stopped sending her statements/bills. If the debt is verified and the collection company checks out, then take a look at what you did to get you there before going to a lawyer. If everything checks out and Heather just had a brain fart, then don't waste money on a lawyer, pay the collection company (negotiate with them, though). the very first thing she needs to do is to verify the collection company. Start by calling the old lender rather than giving personal info to something or collection company that looks “official”. there are lots of scams around that troll for personal info that look official when they are not. hopefully, you have past records of paying off the debt. this is the reason why anyone who is paying anything off should get a confirmation letter from a lender/creditor that verifies that the debt was paid off. Heather should confirm with the old lender that this is the case. If not, she should also find out why the old lender stopped sending her statements/bills.

If the debt is verified and the collection company checks out, then take a look at what you did to get you there before going to a lawyer. If everything checks out and Heather just had a brain fart, then don’t waste money on a lawyer, pay the collection company (negotiate with them, though).

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