Wanna ask a real debt collector a question, here you go...

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Sub: #65
Replied on 06-14-2007, 01:07 AM
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Maybe he wasn't really, a real debt collector.

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Send message to ramj70
Sub: #66
Replied on 06-14-2007, 09:11 AM
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Yeah he wasn't a "real" debt collect, he was a bad debt collector. He just got caught in a lie and it was shown he works for a hypocritical company that doesn't pay its bills and skips out on paying its debts.



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Sub: #67
Replied on 06-14-2007, 10:32 AM
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it would be interesting to go into one of these sites and see what an actual bid looks like and what they normally go for.

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Sub: #68
Replied on 06-14-2007, 12:18 PM
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Geez, I didn't know it was that easy -- all they have to do is go to a website and it's bad-debt heaven for the bottom feeders.

When it says the principal balances of that accounts are $76,579,617.00 -- how much do you think a buyer would pay for all those accounts? My guess is about $1200.

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Sub: #69
Replied on 06-14-2007, 12:27 PM
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yeah it would be nice to see that. I think I saw some examples where the price started at like 4% of the total principle. To see the bids you have to be a member.

Here is a link to buyers and sellers of debts, and yes OSI is included as a debt buyer. Whats that getyourcheckbook, OSI doesn't buy debt?

debtconnection.com/debtbuyers.asp#bmO

here is another site that companies can bid on portfolios and sell them also. This link shows some examples of portfolios.

insidearm.com/go/portfolios

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