Agencies Buying Secured Accounts

[sisterfunkhaus]

I had an agency buy my Home Depot and Best Buy Accounts. Are they still considered secured ? Meaning, now that they are not owned by the original company, can they still demand my stuff back? I don't mind giving what I have back, but some of the stuff I bought from Best Buy is still permanently installed in the house I sold a year ago. We haven't made any payments in 2 years, so it's been a while.

[lrprn]

I had an agency buy my Home Depot and Best Buy Accounts. Are they still considered secured ? Meaning, now that they are not owned by the original company, can they still demand my stuff back?

They can still demand it, but the chances of them ever showing up to get anything are about the same as a meteor hitting your house.

Creditors - whether they are original or second-hand - want your money, not whatever you bought. Most lawyers will advise you to ride it out no matter what the collector threatens. Chances are you'll emerge from bankruptcy with everything that was "secured" still in your possession.

[sisterfunkhaus]

I hope so! Thanks.