How is it possible for a debt collector to sell ones debt to another creditor?

this is for a friend of mine.16 years ago she fell short on her car payments,which was like 4 months behind.It went from B of A Bank in Calif to

a creditor,from there she was able to pick up the pieces and a flat sum to settle

was offered and I helped on the pay off.She has her title,good credit,and just the other day she received a letter from a creditor called RJM Aquisitions

Funding LLC located in Syosset, Ny and yet they have another address to

Hauppauge,Ny.I looked up on a site for this place and there was god knows how many complaints were on there,and everything from their offer for a Mistic

credit card fraud,to fingerhaunt,to debts that were already settled years ago,to

god knows what else.It is stated in one complaint,%26quot;How can a pass creditor sell

an already settled debt that is 21 years ago%26quot;???If anyone out there has heard

of this company..please,please do not accept anything from them,I will be contacting the better buisness place in NY.

How is it possible for a debt collector to sell ones debt to another creditor?postage rate

Old debts are sold to Junk Debt Buyers all the time. It has recently become a billion dollar industry.

There is, however, something called a Statue of Limitation. Junk Debt Buyers have no legal way to collect debts outside of it. Statute of Limitation can vary from as little as 3 years in some states to as many as 15 in others.

Debt buyers depend on scare tactics and the ignorance of the debtors to collect on old worthless debts.

Their tactics are often violations of federal law (FDCPA).

How is it possible for a debt collector to sell ones debt to another creditor?

loan

there ill be violence i think .........for more details

i hope this will helps u,,,|||I remember RJM! Yes, they are pretty ruthless. When the creditor charges off the original debt, an agency buys it for pennies on the dollar. This happens over and over. Your friend has the title, so screw RJM. I blocked them from calling my house.|||What totally sucked was the fact that after college I had so much credit card debt that piled up and it was really affecting my credit score. I searched around and tried a few of those debt consolidation sites but found that nothing that I tried really worked. I found this kick *** site that helped me alleviate these problems and I want to share it with you.

I helped me out so much and I hope it helps you as well.

http://getoutofdebt.5gbfree.com/index.ht...|||Yeah they can definitely sell your debt. You can count on it.

http://debtcrushers.blogspot.com|||What totally sucked was the fact that after college I had so much credit card debt that piled up and it was really affecting my credit score. I searched around and tried a few of those debt consolidation sites but found that nothing that I tried really worked. I found this kick *** site that helped me alleviate these problems and I want to share it with you.

I helped me out so much and I hope it helps you as well.

http://getoutofdebt.5gbfree.com/index.ht...