Glenda G. asked

⚖️  Law

Can a credit card company sell a $5000 loan that's 5 years old to another company that collects debt, and that company inflates the original bill to $27,000 and files a case against you in your county, making you go to court and pay them?

June 9th, 2023

Bruce C. answered

Yes, a credit card company can sell a loan to another company for debt collection. However, the buye...

June 9th, 2023

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