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Re: CA lied to State Attorney General


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Posted by Paul (207.44.154.35) on December 12, 2003 at 21:07:23:

In Reply to: CA lied to State Attorney General posted by glitter_girl on December 12, 2003 at 20:39:17:

The FTC issued an opinion letter defining third party debt purchasers as “debt collectors” for the purposes of FDCPA and not as original creditors. The defining point is that they only purchase distressed portfolios and they do NOT extend new credit to anyone.

The letter was for Midland Credit Management, but Asset has the identical business model.



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