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Originally Posted by SladesMommy  I have NO intentions of ever getting a credit card again! I'm actually pretty smart w/ money now.
I do wish I'd know about settling w/ the CC company before it gets sent to a collection agency.
I know its legal to sell it to a collection agency but is it legal to sell it if its already in collections? I'm already having garnishments taken out of my check for this CC debt. |
It is legal for them to sell it to another noteholder. As I said be sure to keep track of what they take. When things change hands you might run into a problem of a double payment being taken, etc. Also honey you need credit on some level. Banks want to see that you can handle debt if you want a mortgage or a car note.