if i owe a credit card and the company wrote it off(charged it off) because i lost my income.and another company buys that credit card, am i still obligated to pay the company that bought it? i never signed paperwork for the company that bought the credit card.. also the company that bought the credit card has waited almost 2 years to collect.
1 Answer from Attorneys
Yes, the debt that was sold to the second company does not require your
approval for this transaction and may be enforceable against you if still
within the applicable statute of limitations.