
What Happens When a Debt Is Sold to a Collection Agency
When a debt is sold to a collection agency, the collector takes over the right to collect and may sue. Demand validation and negotiate to settle.
The Solo debt collection blog. Find helpful posts on how to resolve your debt lawsuit here.

When a debt is sold to a collection agency, the collector takes over the right to collect and may sue. Demand validation and negotiate to settle.

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Ignoring or blocking a debt collector will likely result in a collections lawsuit filed against you in court, and as a potential result, wage garnishment.

Even if the statute of limitations on your student debt has passed, the debt can still show up on your credit report for up to seven years.

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