Collection Companies
Date: Sat, 10/14/2006 - 08:08
Welcome to the forums,Ryan :D I'm not exactly sure what you are
Welcome to the forums,Ryan :D I'm not exactly sure what you are asking. So ,you mean you have paid off an account and they are trying to charge you again? If the account is charged off, some original creditors will sell the account to junk debt buyers,and they will try to collect the money from you...Karen
Always get the 'PIF' letter from any company whom have paid the
Always get the 'PIF' letter from any company whom have paid the debt. A company may try to sell the balance that is waived off in your file. This may bring up collections once again on that account. If you don't have proof of your part, you'll be left standstill.
Yes they most certainly do. Even if these accounts are paid up,
Yes they most certainly do. Even if these accounts are paid up, discharged in a bankrupcy, or past the stature of limitations. I was once in a position where I was collecting on debts placed in our hands by other junk-debt buyers. This practice is somewhat illegal and completely purposeless.
Yes they do recycle accounts. Once youve paid it off they sell
Yes they do recycle accounts. Once youve paid it off they sell your account for additional profit to annother scam agency to harrass you.
Not all collection agencies do this. I'd say about 1/4th do thou
Not all collection agencies do this. I'd say about 1/4th do though to try and make the money back they lost on you.
Only ramshackle junk-debt buyers do this. They buy crap-old acco
Only ramshackle junk-debt buyers do this. They buy crap-old accounts for like 22 cents on the dollar, slap on huge fees which are the collector's bonus monies.