Can Debt Be Collected After It’s Sold? Credit Card Debt and Collection Rights Explained
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Can Debt Be Collected After It’s Sold? Credit Card Debt and Collection Rights Explained
There is a common claim online that once credit card debt is sold to a third party, it becomes unenforceable. That claim is false. In this Credit Corner video, Possible Chief Credit Officer Ellen Falbo explains why selling a debt does not eliminate collection rights. She covers how privacy policies work, what information lenders are permitted ...
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