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If a credit card company has charged off a debt, then the credit card company sells or gives the credit card debt to another company is it still a legal debt. Such as to a law firm, or collection company?
Yes, it is still a legal and collectible debt. Charging off the debt only means that the creditor does not believe the debt is collectible. That's why the creditors sell these debts to collection companies.
Attorney
Litigation Attorney practicing in multiple State and Federal Courts, Arbitrations and Mediations
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