Spiritually Bankrupt

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:

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!

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.