Re: debt collector ad with faq's. Interesing....

Posted by Peter Rosa (167.68.0.65) on June 04, 2002 at 15:27:51:

In Reply to: debt collector ad with faq's. Interesing.... posted by Robyn on June 03, 2002 at 20:25:38:

So a debt over two years old has lost 90% of its value? I was really surprised to see that. It makes me wonder about something. These companies that buy up very old, post-SOL credit card delinquencies and try to collect on them must have a very good deal. They probably pay less than one cent on the dollar for the accounts, so even if they collect on a very small percentage it's all gravy.

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