Selling of credit card debt
Date: Mon, 03/23/2009 - 20:45
I'm sorry I have so many questions today. I DO appreciate all of the feedback.
Question: What is the difference between a "bill of sale" and an "assignment and bill of sale" between the buyers and sellers of collection debt? Don't those need to be notorized and signed by someone special.?
Question: What is the difference between a "bill of sale" and an "assignment and bill of sale" between the buyers and sellers of collection debt? Don't those need to be notorized and signed by someone special.?
As far as I know, "Bill of sale" is a legal agreement between a
As far as I know, "Bill of sale" is a legal agreement between a creditor and a borrower where the creditor keeps the title of the property of the debtor with him as a security towards the loan, while the actual property remains with the debtor. Assignment bill of sale is an agreement between the creditor and the collection agency where the creditor transfers the debt to the collection agency by selling the debt to the CA.
