Posted on April 22, 2008 at 2:24 am 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 ?

Posted on May 28, 2008 at 7:28 pm 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.

Posted on March 19, 2009 at 2:40 pm If your account was placed with a collection agency, you should recieve a letter from the collection agency with all the information.  At the bottom of this letter there should be a 30 day validation notice which means this should not have been reported to your credit yet and you have 30 days to respond in writing if you dispute this debt.

Posted on March 19, 2009 at 3:22 pm They aren't required by law to tell you but before they do, threatening to turn your account over to collections is always in their correspondence. Turn over to collections can also mean sell your account. I wish the law was different but it isn't.