What does a JDB usually get when they buy a debt portfolio?
Date: Fri, 05/13/2011 - 15:44
Does anyone know what a JDB usually gets when they buy a debt portfolio. Do they get enough information to know the debt is actually out of the SOL? Do they get the last XXX number of statements? Do they actually get the full payment history? Do they usually get a signed contract with them, or at least a copy of the actual contract that was signed? I know these portfolios contain hundreds if not thousands of debts, so i am not sure how much information you could actually have on each one of them.
My curiousity has the best of me right now, because I am hoping that when i get through all of this myself, I might be able to do like some of the other experts on this sight, and be helpful towards other people dealing with some of this ugliness.
Thanks for any information anyone has.
My curiousity has the best of me right now, because I am hoping that when i get through all of this myself, I might be able to do like some of the other experts on this sight, and be helpful towards other people dealing with some of this ugliness.
Thanks for any information anyone has.
The information they receive is usually downloaded from the purc
The information they receive is usually downloaded from the purchaser. The may receive discs with copies of signed statements. Previous payment histories are irrelevant to most JDB...the consumer is expected to get their own from the previous owner or creditor. The download will contain name ss# amount owed, references and maybe previous addresses. Maybe date of last payment.
