Hello, if you took a loan from a bank, then you will be charged interest until you fully repay it. When a bank sells loan debt to collection companies, interest and penalties are no longer charged. You are only required to return the amount that you owed to the bank before the sale of the debt. I can recommend that you read about portfolio recovery associates lawsuit on  https://attorneydebtfighters.com/sued-by-portfolio-recovery-associates/ so that you are aware of how to prevent possible litigation.

Distressed loans are one of the most common reasons why ordinary people today turn to lawyers.

There are three situations in which the lender can change. First, problem loans most often fall into the “for sale” category - bankers try to transfer overdue debts either directly to a collection agency or to their fellow bankers. Second, financiers can sell loan portfolios, which include not only bad and bad debts, to each other.