Bottom Feeders
Date: Fri, 09/11/2009 - 09:27
Again, thanks to all who provide info here, its been a God send....
that term is used to describe illegal pdl's,collectors,and other
that term is used to describe illegal pdl's,collectors,and others that don't follow the laws.whether that be lending or collecting.yes MTE fits that description to a T.
i'm not sure what all MTE does but they are a major source of il
i'm not sure what all MTE does but they are a major source of illegal payday loans. they have little companies like paychecktoday and cashadvancenetwork and probably more. paul is right, they are the definition of bottomfeeders.
A bottom-feeder can also be a collection agency that buys junk d
A bottom-feeder can also be a collection agency that buys junk debt for pennies on the dollar--hence the expression "bottom-feeder". This can be debt that is past the SOL for the debtor's state, illegal debt or disputed debt. The people who work at these agencies are ruthless and will let nothing stand in the way of collecting the debt, which they can earn commission on.