Notice of assignment
Debt, arrears & collectionsA letter telling you that a debt has been sold or transferred.
Overview
It confirms the new owner of the debt and where payments should go.
It should be issued when a debt is formally assigned.
Why it matters
- It tells you who now owns the debt.
- It prevents payments going to the wrong place.
- It confirms the legal transfer.
FAQs
Should I trust a notice of assignment?
You can ask for evidence and verify details before paying.
Does it affect my credit score?
The assignment itself does not change your credit score.
Related terms
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