No, after a company has charged your debt off to their profit and loss (P&L) account they can no longer attempt to collect the debt. However, what they can do is sell the account to a collection agency. Charged of debts are bundled into large portfolios and sold to Junk Debt Buyers for pennies on the dollar. Junk debt buyers have the same rights to collect as CareCredit did. They can take you to court and sue you for the original balance plus fees and interest. After they get a judgment against you they can garnish your wages, or use any other method available to them under Kentucky law to collect. Since Junk Debt Buyers purchase debts for a fraction of the face amount, they are often willing to settle with you for a lesser amount before taking you to court. Hope this helps
by Blubber -
If you owe or owed a company they can garnish your pay if you did not pay them. Wondering how you would know they wrote off anything anyway?
by Jan C -
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