Can a third-party debt buyer sue my husband for a charged-off loan in Ohio?

G

GambleGreenXet

New Member
My husband has a charged-off loan of $44,000 from a prior marriage. It has been four years. A third-party company bought the debt a year ago . Now they are suing him. He has not been served yet, but his name is in the court system. How is this possible? I thought we are not responsible for paying a third-party if the original creditor sold the debt. The company trying to sue him is Velocity Investments LLC.

Any advice? We are in Ohio. If he must pay, he should only pay what the third party paid for, not the full $44,000.
How do we check if they are licensed to sue here? How do we verify their claims are correct? He did not authorize them to buy his debt.
 
Hey there, just a friendly heads up: third party companies are totally allowed to buy your debt and then ask you to pay up. If anyone tells you, They have to prove they owned the original debt, they're kind of going by old rules from before 2001.

And if your debt's past that statute of limitations, you might actually have a good shot at a case!
 
Hire a lawyer who specializes in zombie debt. I have used them many times. They charged a very small percentage of the debt amount. They took my case. They went to court for me. The case ended in a mutual dismissal. No company can pursue that account again. The debt is soon wiped from your credit after dismissal.
 
That's a pretty big lie floating around online that says you don't owe third parties. Actually, you do, unless you can prove you don't. If you ever need a hand figuring out how to respond, just give me a shout.

You should really pull those documents from the lawsuit I'd hate for him to end up with a garnishment order.
 
Yeah, they totally have that right, but you've got rights too, and you can put a stop to it. Just make sure they're licensed to operate in your state, and whatever you do, don't ignore them send in a letter ASAP!
 
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