Legal Question in Credit and Debt Law in New York

Re: debt collection purchase account

They may be able to obtain interest for one year or more depending on when your last payment made on the account was or other facts. They most likely can sell the debt to another company but you can challenge the assignment (and the debt) and generally they would be required to provide proof of assignment (and debt) to win. You can defend yourself in court or you can try to settle the matter before it gets there but depending on the amount of the debt, your best option is most likely to find an attorney willing to negotiate and defend on your behalf. If you would like to discuss further please contact me.

Best,

Jeff

Re: debt collection purchase account

They may be able to obtain interest for one year or more depending on when your last payment made on the account was or other facts. They most likely can sell the debt to another company but you can challenge the assignment (and the debt) and generally they would be required to provide proof of assignment (and debt) to win. You can defend yourself in court or you can try to settle the matter before it gets there but depending on the amount of the debt, your best option is most likely to find an attorney willing to negotiate and defend on your behalf. If you would like to discuss further please contact me.

Best,

Jeff