So, I guess first and foremost, I need to know WHO OWNS THE DEBT? Who (by law) can validate that debt if the "assigned" debt collector can not?
Would the who owns the debt question have to do with how that debt collector goes about assuming that debt?
And, for example, a large company [such as Verizon] "assigns" a debt to a CA? What's in it for the CA if they cannot legally go after the debt because they cannot prove they own the debt?
This is why I figure there are loopholes? Does that make sense?
So, then, the debt cannot go against you legally through a credit agency nor a judgment, right?
This may be a legal question. My eyes are starting to cross now. I think therefore I'm confused.