Debt sold after filing?

[razmom]

Has this happened to anyone?

I just checked PACER and the 3 Citibank accounts, which we were current on until we filed, apparently were sold about a month after we filed and now the new company has filed claims against us. Forgive me if I sound naive, but I had no idea this might happen...I checked my credit report a couple of weeks ago and those Citibank accounts showed $0, so I thought wow, they've already written us off. Had no idea they sold us instead.

(I'm bummed because those were our 3 largest accounts, which we've paid umpteen $ to over the last 8 years...so if they hadn't filed claims, we would have paid off earlier than 5 years & I wouldn't lose sleep over it!)

[Granny]

Yep, they sold them to eCast Settlement didn't they? I had 2 citi accounts and a couple of others and all were sold to eCast after I filed. From other posts I've read here, this is typical and apparently, nothing to worry about.

[Elf]

Yup! They did it to me also. It seems to give them the ability to mess up your credit report.

When you finish, protest, ptotest, protest!

I talked them today. They say that you need you to talk to their bankruptcy division. They say that they sold the account, so they get to not know what is going on.

Good grief.

Elf

[razmom]

Granny, looks like they were sold to LVNV Funding/Resurgent Capital Services...

Elf, how might this mess up my credit report? Are you saying wait 5 years to protest, or do something now? What basis is there for protest?
Any advice is appreciated!

p.s. it just doesn't seem right to me that they're able to do this...my debt was with them; if they want to file a claim, fine, if not, fine. A 2nd party shouldn't be able to swoop in to feed off the carcass. Hyenas!

[Granny]

Some of mine went to LVNV Funding also. I had a 50/50 shot at which name to post. Virtually all of mine were transferred/sold except Am Express, some were sold within days of my filing so I think this is a standard operating procedure for them to clear the accounts off the books and maybe make a buck or two off a dead account. I'm kinda tickled that the 3rd party collector who bought has just wasted money buying the account for pennies on the dollar because they will never get paid, whether I make it 5 yrs in a Ch 13 or not...I will not pay those creeps.

Let 'em ruin my credit, buy the time I come out of the 13, I will be so old that I won't need or want credit again for any reason. nana nana na-na to them

[wayne-o]

yeah....all my citicorp debt was sold at some point after filing, sears, home depot and a citicard.....sherman aquisition, lvnv and ecast bought them. It really hasnt made any difference since filing yet. I got a notice from the court that it had been transferred.

[HenriettaHen]

I will be so old that I won't need or want credit again for any reason. nana nana na-na to them


There's more than one kind of credit, Granny.

We're worth more than ye think, what with our ancient knowledge of Life Before Corporate Rule. Some us know how to preserve food and cure infections and suchlike.

In the meltdown to come, I have high hopes that our skills will have more worth.