Re: can i start a collection agency only to buy my own debt
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Posted by Old lurker
(22.214.171.124) on April 27, 2004 at 23:55:59:
In Reply to: can i start a collection agency only to buy my own debt posted by Maypop on April 27, 2004 at 14:13:44:
I have thought of this.
You would have to abide by all the regs, that is,
Become a business entity
Obide by all local laws, bonding, insurance, ect
Obide by the FDCPA
Then find your debts.
What realy needs to happen is a change in the laws to allow the debtor to buy debt, *first choice*, when it is sold to a CA, for the same price.
What do you think? Should we lobby congress?
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