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Difference between debt sold to or turned over to CA?

Date: Fri, 05/01/2009 - 14:11

Submitted by anonymous
on Fri, 05/01/2009 - 14:11

Posts: 202330 Credits: [Donate]

Total Replies: 2


Is there a difference between your debt being sold to a CA or turned over for collection to a CA? I am wondering if the validation letters to a CA that is just collecting for the creditor are still the same as one that has been sold to a CA?


Yup...there is a difference. A credit hires can hire a CA to work the account on their behalf. This is usually done under contract and the CA gets a commision.

Junk Debt Buyers buy bad debts for pennies on the dollar and then place them with other agencies to work. It is very lucrative.


lrhall41

Submitted by SOAPLADY on Fri, 05/01/2009 - 15:23

( Posts: 17315 | Credits: )