When a creditor sells your debt to a collection agency are / shouldn't they notify you that they have taken that action ? I have received collection notices and calls from collectors attempting to collect on accounts that I am still receiving bills from the creditor on. Sandalwood gave me some response on this issue but there are other questions. The collection agency is only asking for the amount I last owed the creditor. Does the collection agency have the right to collect interest and penalties under the same terms as the original creditor ? I'm no longer getting statements from the creditors on two of my accounts and one account has three different collection agency's trying to collect on it. How many masters must I answer to ?
I don't know if that is a requirement or not, but I do know that they often do sell your account to a collector without notifying you. It would be interesting to know if that practice is legal.
