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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Ilaine who wrote (55339)11/1/2004 3:53:15 PM
From: Snowshoe   of 74559
 
Have you run up against any of these new-style collection companies that buy up old consumer debt for 3-5 cents on the dollar? People are getting stretched on the rack for old debts from years ago they'd completely forgotten about. If they don't pay, they get hauled into small claims court.

But for that price the debt-buyer rarely gest any supporting paperwork. Smart lawyers are going to court on behalf of the debtor and saying: "Prove it!"
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