Credit card debt purchased by a company and increased the debt.
Question Details: I am going through debt consolidation with an agency and one of my accounts was purchased by an investment agency and magically the debt almost doubled. Is there a way to find out what/where the increase came from. The original account was closed so there should have been no more fees.
Bankruptcy Law Answers
I am a lawyer in CT and practice in this area of the law. I suggest that you call the creditor and find out the basis for the increase. As them to send you the document that permits the increase. Let them know that you are trying to resolve the debt and just need to see what they are relying on. Forward the document to the agency that is assisting you with the debt consolidation. It seems unsual that the amount has increased so dramatically.
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