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What If A CA Cannot Collect????

Date: Thu, 11/06/2008 - 08:13

Submitted by kfstaff24
on Thu, 11/06/2008 - 08:13

Posts: 1448 Credits: [Donate]

Total Replies: 10


If the OC turns an account over to a CA who cannot collect does that CA turn around and sell it again? I am most interested in the PDL process of Collection.


CA's dont by debts. Junk Debt Buyers buy debt. Normally an OC will assign a debt to a CA for collection. The CA will attempt collection for a while, then return it to the OC who may send it out to another CA. Ultimately, they will sell it off to a JDB who will then assign yet another CA to collect the debt. Rinse, repeat...rinse, repeat......


lrhall41

Submitted by NASCAR_Devil on Fri, 11/07/2008 - 06:42

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I never said that some companies didn't do both, but, a JDB generally will not, and in many instances legally are prohibited, act as a CA for the debts it has purchased. They will either purchase under one entity and collect under a different. Example would be LVNV the JDB and Resurgent Capital ( and a whole plethora of wholly owned subsidiaries) the CA. You will never recieve a collection call from LVNV.


lrhall41

Submitted by NASCAR_Devil on Fri, 11/07/2008 - 10:09

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that is a lie.my AG put it to them on my behalf recently.said they are not licensed to collect.so much for that.they are something else.


lrhall41

Submitted by paulmergel on Fri, 11/07/2008 - 19:33

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