Sep 12, · If your debt was sent to collections shortly after you missed payments with the original creditor and you started paying that collection agency, it may or may not have been sold. The collection agency may still be collecting on behalf of the creditor. If you paid by credit card but the goods or services have not been delivered as agreed, you. Mar 29, · No one likes to be hounded by debt collection agency phone calls or any other collection efforts, especially if it pertains to identity theft. A debt verification letter can square this problem away quickly. Let’s take a look at what a debt verification letter is, what it isn’t, and a sample debt validation letter you can use to question. Jun 28, · When you sell the debt to a collection agency, they pay you a percentage and chase after the debt on their own. Once you sell the debt, you no longer have any involvement with it. You tend to get pennies on the dollar when you sell the debt to a collection agency.