Re: Sierra Capital Services Inc

Posted by Paul (216.127.68.137) on June 13, 2004 at 21:39:43:

In Reply to: Sierra Capital Services Inc posted by Disgusted in NY on June 13, 2004 at 18:50:18:

Sierra Capital Services is Michael L Rogers out of Tulsa, OK. He runs a financial planning office there. They are in the yellow pages. Apparently he is dabbling in micro-penny debt “buying” on the side. You can buy a $1 Million portfolio of legally uncollectable accounts for $2500 you know. Dubin & Summerstein are “letter writers.” Mr. Rogers sends his accounts to them and they write letters. They keep 33% of whatever they collect and send the rest to Mr Rogers. That’s how the micro-penny debt buying business works.

If you try to validate this account, then Mr. Rogers will sell the account to Mr. Jones in Atlanta who’ll send it out to some other letter writing law firm and start all over again. They are all cogs in the wheel of the telemarketing, junk mailing, bogus charity, debt buying industry. The charity being their own pocketbooks of course. They don’t need many people to respond to make it quite profitable for them.

http://www.dshbflo.com/vision.htm

http://www.hudsonfelzer.com/testimonials.htm

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