When your debt is sold to a collection agency or a law firm, the original credit card company can no longer accept your payments. If you get letters or phone calla from the collection agency, they will usually let you know how to settle the debt and where to send your payment. Ifyour account was sold to a law firm, you may be sued for the balance on the card.
Answered on Aug 05th, 2013 at 11:21 AM