diamonddan73 Posted March 17, 2011 Report Share Posted March 17, 2011 I have a copy of a contract from the OC. No where in the contract does it state that I agree to them selling it to a JDB if I defult. Can they sell the debt to another company. Does that help if I am sued by a JDB? Also they have not supplied me with a signed contract. Link to comment Share on other sites More sharing options...
BV80 Posted March 17, 2011 Report Share Posted March 17, 2011 I have a copy of a contract from the OC. No where in the contract does it state that I agree to them selling it to a JDB if I defult. Can they sell the debt to another company. Does that help if I am sued by a JDB? Also they have not supplied me with a signed contract. Does the agreement mention anything at all about "assign", "assignee", or "transfer"?If this is a credit card, more than likely, there is no signed contract. You may have signed an application, but not a contract. They should provide a copy of the cardmember agreement that was in effect the year your account went into default. Link to comment Share on other sites More sharing options...
diamonddan73 Posted March 23, 2011 Author Report Share Posted March 23, 2011 This is a personal loan. It only says "holder" of the note. Link to comment Share on other sites More sharing options...
BV80 Posted March 23, 2011 Report Share Posted March 23, 2011 (edited) Personal loan? I have no idea what they can or can't do. Perhaps your state has statutes for financial institutions that would apply to this. You could also contact an attorney and simply ask if the sale to the JDB was legal. Edited March 23, 2011 by BV80 Link to comment Share on other sites More sharing options...
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