Can I be sued if my credit card account is sold to another company? - Debt Resolution Law Questions and Answers- LawQA.com

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Can I be sued if my credit card account is sold to another company?

Credit card contract has been sold to an investment company, which is trying to sue me. I did not make the contract with them, is this legal?

Answer By Victor Varga

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yes, you can.

Answer Applies to: Maryland
Replied: 12/20/2012

Answer By Melvin Franke

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It depends upon your original contract.

Answer Applies to: Missouri
Replied: 10/15/2012

Paul Whitfield and Associates P.A.
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I have no idea what your contract was nor what it said nor what it allowed the other party to do. Do you have a copy of any contract terms? Why don't you just pay the bill and cancel the card. What are you trying to do?

Answer Applies to: North Carolina
Replied: 10/15/2012

Answer By Andrew D. Myers
Law Offices of Andrew D. Myers
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Yes. Your account has been assigned. If the new collection people know what they are doing, which is not always the case, they simply have to introduce proper admissible evidence of the assignment if they do bring a civil case against you.

Answer Applies to: New Hampshire
Replied: 10/13/2012

Answer By Mike Yeksavich

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By and large assignments are legal.

Answer Applies to: Oklahoma
Replied: 10/13/2012

Answer By Brad Aldrich
Aldrich Legal Services, PLLC
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This is called an assignment and is completely legal.? The new entity just has to be able to show that they legitimately purchased your account and they have every right to then collect upon it.

Answer Applies to: Michigan
Replied: 10/13/2012

Answer By James T. Weiner
James T. Weiner & Associates, P.C.
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Yes it often happens and it is entirely legal. However, if you have valid defenses they have a harder time collecting because they have a harder time getting the supporting documentation.

Answer Applies to: Michigan
Replied: 10/13/2012

Answer By Darren Aronow
The Law Office of Darren Aronow, PC
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If they can prove that they purchased the debt properly then yes they have all the legal rights to sue you.

Answer Applies to: New York
Replied: 10/13/2012

Answer By Steve Lombardi
Lombardi Law Firm
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Answer: Probably not; if you read the fine print of the application I'm sure they have a clause allowing the sale and transfer of your account.

Answer Applies to: Iowa
Replied: 10/13/2012

Answer By Brandon Gardner

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Yes, it is possible.

Answer Applies to: Michigan
Replied: 10/13/2012

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