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Can collection agencies sell your account to another collection agency?

In: Debt Collection [Edit categories]

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yes and do all the time and the old agentcy will still show on credit report

It can be bought and sold as many times as the agencys want to move it around

First answer by ID1204553553. Last edit by Rebel 71 Nova. Contributor trust: 276 [recommend contributor ]. Question popularity: 36 [recommend question].

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Can my account be sold to another collection agency?
Yes.
How long can a collection agency have an account for?
There is no time limit. They may "have" the account forever, but they may only collect on it for seven years from the date of last payment or ten years in the event of a judgment.
after the account is sold to another collection agency?
No, once a collection agency relinquishes their claim to the account by selling it they must remove all negative trade lines related to that account from your credit reports. Hope this helps ST
What can a collection agency do and not do?
Here is some topics of what collection agencies can and cant do Collection Agencies can do: Inform the debtor the amount of the debt that was reported by the creditor Creditor's Name, a good...
What are collection agencys?
A Collection Agency pursues payments of debts on behalf of their clients. It can be categorized by Collection Agencies for Consumer and Commercial. Consumer is when a Lender provides credit for...