Link to article: https://www.snopes.com/fact-check/paying-sold-debt/ and link to schedule a free consultation for a credit sweep: https://live.vcita.com/site/expertcreditsweeps. Many consumers have it wrong when they think they have no obligation to pay a debt buyer/collector (Portfolio Recovery, Midland, etc.). I found an article that explains why a debtor is legally obligated to pay and wanted to share it with you guys! In no way does this mean that you can't dispute it on your credit report; it just means that when an original creditor sells the unpaid/charged-off account to a collector, your obligation is now with them. "Othewise, the debt purchasing industry wouldn't exist".
I've been on many calls when a consumer said they've been disputed this by asking for a copy of the invoice, or stating that the contract was cancelled. I've also heard them say that the wan to see a signed contract stating they agreed to pay or owe that specific company. So....I've given a few examples of some text that can be used on a dispute letter to the credit bureaus to get these types of collections removed. The is almost a follow up to my last video on removing inaccurate charge-offs.
On the other hand, if you're tired of going 'round in circles with your own disputes and want an expert to take the reins, simply click on the link at the beginning to schedule your free consultation!