Re: Balance Owed

Posted by Don (64.203.129.94) on March 04, 2004 at 14:33:22:

In Reply to: Balance Owed posted by Confused on March 04, 2004 at 14:14:03:

Portfolio Recovery is a 2 cent on the dollar debt buyer.

If your account charged off at $10,000 then they paid $200 for it.

Then they make up $10,000 worth of BOGUS interest and fees.

Since you didn’t show up, you got a default judgment for $20,000 on an account that Portfolio Recovery paid $200 for. YES, Two Hundred Dollars they paid, and they got a Twenty Thousand Dollar Judgment against you!

As Bud Hibbs would say, you just took a chili pepper enema from criminal, collection extortionists. Call a lawyer and see what your options are.

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