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Re: can i start a collection agency only to buy my own debt


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Posted by Old lurker (24.218.224.212) 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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