Repossession
Credit and Debit Cards
Debt Collection

Should you pay off a debt that has been written off by a company and sold to a collection agency if the agency is now trying to collect?

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Wiki User
2006-08-14 15:08:27

The debt is still valid and collectible therefore the

creditor/collector can use whatever means necessary to recover

monies owed. Collection procedures would also include the

possibility of a lawsuit if the state SOL relating to the debt in

question has not expired. It is always better to pay one's debts if

at all possible.


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