Credit Reports Laws
2010

A bad debt is wrote off by a credit card company and a debt collector buys your account. Who do you pay?
Are you obligated to pay full amount to debt collector? If you do pay debt collecter will debt still be on credit report? Any laws on this?
1)you will pay the debt collector or collection company who bought the debt. 2)yes, but you may be able to negotiate 3)yes, initially it will appear on your credit report in 2 places actually. First, from the credit company as a default and secondly from the collection company 4)state laws may vary slightly but this is pretty much the way it goes
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