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Responsible if your debt is sold?

by Rory
(Colorado springs,Co. Usa)

I was wondering if your debt is sold to another collection agency are you still responsible to pay the debt.There is a company called Chad Steur Law(claiming to be lawyers)but in fact after a little research on my part found out that they are just a collection agency fraudulently claiming to be a law firm.who has bought an old debt of mine.After my research it seems that i am only responsible to the original creditor Not the company claiming to be a law firm whom has bought my original debt. Not sure if they are breaking the law or not in claiming to be a law firm on order to scare me into paying this old debt.So mY question is, am I responsible to pay this company who was bought my old debt?

Comments for
Responsible if your debt is sold?

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Nov 02, 2011
Responsible if your debt is sold?
by: Debtcollectionanswers.com.

There are legitimate businesses that make their money by purchasing old debt and trying to collect on it. If one of these companies has purchased a debt that you owe, then it is legally entitled to contact you about the debt and you are obligated to pay that company, not your original creditor.

If you have reason to believe that the firm that is contacting you about your debt is violating your legal rights in some way or is not entitled to be collecting from you, then I recommend you go here free legal advice about debt collection. One of these resources may be able to help you. Good luck!

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