Dispute a Debt

Is the Myth True That Once a Debt is Sold to a Collection Agency It Goes Away?

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Question: Dear Steve, I have 10,000 in debt with a score 610 and 17 derogatory marks…want to know if this myth is true? If your original creditor sold your debt to a collection agency, they also wrote off your debt on their taxes which wrote off your obligation to pay. You can dispute the transaction …

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Should I dispute the debt with original creditor or let it fall off my credit report? – Melanie

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I have two credit cards that were charged off. I did not open these accounts. One was opened in 2005 and the other in 2006. They were sold to a collection agency. The last time the original creditor updated the accounts was in 2009. If I dispute these accounts would it hurt my credit score …

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