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Home > Ask The Get Out of Debt Experts > My Sears Card Was Purchased by a Debt Collector And Then Sent to Another Debt Collector. – Jo

My Sears Card Was Purchased by a Debt Collector And Then Sent to Another Debt Collector. – Jo

I had a debt with Sears store card and the debt was bought by a third party. This company (debt collector) send me several settlement offers until I accept one for half what I own to them. I started to make payments as promised and by the very last payment they did not take it and weeks after that I got a call and letters from a new debt collector claiming the amount that was left.

I send this new collectors a letter rejecting the mentioned debt since I already made payments to another company but now I think I’ve been a victim of a scam or fraud.

What can I do now?

This is your chance to be a hero and help out this person by providing your feedback and answer to the question in the comments section below.

My Sears Card Was Purchased by a Debt Collector And Then Sent to Another Debt Collector. - Jo by

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This is information that was submitted by a third party and not generated by GetOutOfDebt.org or Steve Rhode.
  • Michael

    Hi Jo,

    Please reply in the comment section with the name of the first collector you paid and the current collector attempting to get more out of you. It is important to identify companies publicly. It would be interesting to learn if the collection company you made the deal with is one who has recently participated in public comments with regulators about fairness in collection laws and rules. Same goes for the collection firm you are hearing from now. It would also be interesting to know who they are collecting on behalf of (debt purchaser) in each instance.

    Pull together all documentation of the settlement; the letter inducing you to agree to settle with payment terms; all monthly bank statements that show the payments you made; the monthly bank statement for the month where your final payment was to be drafted which would show that on the day your final payment was to be deducted you had sufficient funds. Keep this documentation in a safe place.

    You mention that you already sent a letter. Did you send it certified return receipt?

    I know what I would do next if I were in your shoes, but before I comment on that, please comment with answers to the above questions.

  • Michael

    Hi Jo,

    Please reply in the comment section with the name of the first collector you paid and the current collector attempting to get more out of you. It is important to identify companies publicly. It would be interesting to learn if the collection company you made the deal with is one who has recently participated in public comments with regulators about fairness in collection laws and rules. Same goes for the collection firm you are hearing from now. It would also be interesting to know who they are collecting on behalf of (debt purchaser) in each instance.

    Pull together all documentation of the settlement; the letter inducing you to agree to settle with payment terms; all monthly bank statements that show the payments you made; the monthly bank statement for the month where your final payment was to be drafted which would show that on the day your final payment was to be deducted you had sufficient funds. Keep this documentation in a safe place.

    You mention that you already sent a letter. Did you send it certified return receipt?

    I know what I would do next if I were in your shoes, but before I comment on that, please comment with answers to the above questions.

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