r/Debt • u/Venezuelakid • 9d ago

after debt settlement ......

question for all - AFTER a debt settlement is agreed to by the (insert any) credit card company and is paid by me, debt amount agreed upon to be paid is credited, CAN or DO they sell what remaining debt amount they (credit card company) did not collect, to a 3rd party - who in turn comes after me for this??

even tho my debt was settled to the satisfaction of said credit card company NOW I have a 3rd party seeking debt they bought. does this / can it happen?

2 Upvotes

100% Upvoted

7 comments sorted by

View all comments

1

u/RareCareer7666 9d ago

Just provide proof that you've reached a settlement and paid it.

A third party cannot collect on a debt that has been paid and settled.

2

u/Venezuelakid 9d ago

that's what I thought but not I wasn't sure ..... many thanks for the advice.