Legal Question in Credit and Debt Law in Pennsylvania

Is it legal for a company to sell your account a few months before the seven years of it coming off your credit report, only for the company they sold it to, to start the seven year period all over again?


Asked on 7/24/09, 3:48 pm

1 Answer from Attorneys
Greg Artim Morrow & Artim, P.C.

Your delinquent account can be sold any number of times, that is legal. However, when it is sold, they cannot reference it as a new debt. This is called re-aging and it is illegal. You may have a lawsuit against the new company.

Read more
Answered on 7/29/09, 5:46 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Pennsylvania