is it legal for a high st bank to sell my personal information on to a third party collection agent are my details not confidential,and privrate,
2007-02-08 02:54:33 · 2 answers · asked by answerwheniknow! 3 in Business & Finance ➔ Credit
Yes, they can sell it, but don't fall victim to paying it. After 10 years, the statue of limitations is over. It starts all over again the minute you put a payment on the debt.
2007-02-08 03:54:46 · answer #1 · answered by Big Bear 7 · 0⤊ 0⤋
Sure they can sell it. Probably for a few cents per hundred dollars balance. You likely no longer have an obligation to pay. Find out what the statute of limitations on written contracts is in your state. If you are in the clear, then you can send them a cease and desist letter to halt all contact regarding the debt.
If you visit Legal Aid, they can help you with this legal document and provide legal advice, as long as you meet their income qualifications.
2007-02-08 03:04:34 · answer #2 · answered by Anonymous · 1⤊ 0⤋