My question involves collection proceedings in the State of: California
I now live in Arizona and wanted to join the Air Force but found out I have a collection from California - Apartment Complex - I recall my roommates bailed on me and one was on the 1 year lease. The collection is for 1 months rent $675 with interest total is now $1100+ since it has been a little over 6 years and the apartment complex could not give me any information reguarding my collection. Not knowing what to do I filed a dispute with the Credit Bureau and the collection has been refiled by a investment company. Now I have contact with someone to pay-off the dept but they say it will clear both names and i would only like to clear my own. Settlement is $975 or $100 month for 1 year after interest. I am gonna send out a letter to request a copy of my lease.
How can they sell my collection to an investment company?
What is my best option since I never knew about the collection for 6 years? The interest almost doubles the past due amount? Can I try to sue the other person on the lease?

