Yahoo Answers is shutting down on 4 May 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Luca asked in Business & FinanceCredit · 2 weeks ago

Is it legal for collection agency to remove a collection from report but sell collection to another agency?

To better clarify, a collection agency removed a collection from my credit reports after I disputed it. My credit scores increased and was doing well. 5 months later, I see a new collection on my credit report. It is in the same amount as the old collection so I know that the old collection agency must have sold my collection to this new agency. My credit score has gone down significantly because of this. So, is this legal? 

5 Answers

Relevance
  • 2 weeks ago

    Yes, of course they can sell it.  

  • R R
    Lv 5
    2 weeks ago

    Yes, definitely.

  • 2 weeks ago

    Sure it's legal.

    Your debt it due until a court says it's not or the SOL has expired.

    Just because one collection agency decided not to go after you, doesn't mean another agency can't.

  • Tavy
    Lv 7
    2 weeks ago

    It is legal, time you paid it, yes???  It won't go away.

  • Anonymous
    2 weeks ago

    Short answer, yes. 

Still have questions? Get answers by asking now.