If a company writes off your debt as a bad debt can they or anybody they sell or give your debt to collect on that debt? and at what point can it be taken off or fall of our credit report?
Yes, they can sell your debt to anyone at any time. You are liable for the debt until the statute of limitations runs out for your state. It will be on your credit report until 7 years have passed after the date of your first delinquency that eventually turned the account into a charge off. Rock
note that if you settle a debt for less than the original amount, they will report the unpaid amount plus interest to the IRS as income (for you) and you will have to pay taxes on it.
