Legal Question in Credit and Debt Law in Virginia

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.

Asked on 1/30/12, 8:11 am

1 Answer from Attorneys

Michael E. Hendrickson Attorney & Counsellor at Law
0 users found helpful
0 attorneys agreed

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.

Read more
Answered on 1/30/12, 8:19 am

Related Questions & Answers

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

Looking for something else?

Get Free Legal Advice

88953 active attorneys ready to answer your legal questions today.

Credit, Debt and Collections Law Legal Forms

Browse and download our attorney-prepared and up-to-date legal forms from $4.99

Find a Legal Form

Featured Attorneys

Anthony SmithLawSmithLee's Summit, MO
Rahul Manchanda, Esq.Manchanda Law Office PLLCNew York, NY
Glen AshmanAshman Law OfficeAtlanta, GA
Find An Attorney

Are you an Attorney?

Earn additional revenue and grow your business. Join LawGuru Now