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    carbidequ's Avatar
    carbidequ Posts: 1, Reputation: 1
    New Member
     
    #1

    May 30, 2009, 07:36 PM
    Credit card charge off
    If a debt was sold to a company can they sue me for payment?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
     
    #2

    May 31, 2009, 09:18 AM

    Yes.
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #3

    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #4

    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.

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