conversation: User (mnshane89): "So the title pretty much sums everything up. About 5-6 years ago I went to a for-profit college, but ended up dropping out. After dropping out, I owed about $3,500. They sent it to a credit collections agency and it was last reported in December of 2011. \n\nMy question is if the collection company can still pursue a debt for a closed company. Do I have any options for getting this off my credit report? The college straight up closed for business two months ago.\n\nThanks for any help!"
  Self: "In most cases the Collection Agency purchased the debt from the for-profit college so they now own it. So yes a CA can collect for a debt that you have with a company that no longer exist.\n\n"
  