Dealing with Debt Collectors

I will flesh out this post in the near future, but here is a piece of info that clients always ask me that I never have an exact answer for. The question is: how much do debt collectors pay the original creditor to purchase the right to collect from you. Answer:

what do debt collectors pay for the right to collect from you?

Excerpt from 2009 GAO report on debt collection practices

Source (opens PDF)

Coming soon a more thorough consideration of debt collection and settlement. Stay tuned!

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This entry was posted on Saturday, September 4th, 2010 at 12:34 am and is filed under debt, debt collection, debt collection abuse, FDCPA. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Spiritually Bankrupt