Interesting. So you are saying that collection agencies selling a debt back and forth amongst each other for a penny could keep a persons credit score in the tank indefinitely?
I wouldn’t put it past them. They are scoundrels and will do anything up to and including breaking the law! What I do know is that they do sell them before the 7 years, and each time the sale occurs it is sold for a lesser percentage than the full amount. New company equals “new” debt that reactivates on the credit report.