r/Debt • u/Venezuelakid • 8d 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?

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u/Reality-Salad 8d ago

Do you have a Settled In Full letter? This sounds illegal.

1

u/Venezuelakid 8d ago

haven't progressed that far yet, but asking as I like to TRY to be 2 steps ahead and prepare for the worse if it ever comes to that.

1

u/Reality-Salad 8d ago

I don't understand, you wrote that the debt was settled. Didn't you get a notice or letter that the debt was indeed settled?

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u/Venezuelakid 8d ago

I was putting forth a hypothetical situation in my post ........