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carbidequ
May 30, 2009, 07:36 PM
If a debt was sold to a company can they sue me for payment?

JudyKayTee
May 31, 2009, 09:18 AM
Yes.

Clough
May 31, 2009, 05:24 PM
Hi, carbidequ!

Yes, and it can also greatly affect your credit score. Are there any other particulars concerning this about which you might want to find out information?

Thanks!

Fr_Chuck
May 31, 2009, 07:22 PM
Yes, charge off is merely an accounting term that addresses the tax status of the debt.
Has nothing to do with you not owing it.