(image from Wall Street Journal) Jessica Silver-Greenberg wrote about debt buyers at the end of last year, but the information is still timely. Companies like Portfolio Recovery Associates, which used many affidavits, like the one pictured, from a person who died before the date on the affidavit. Bad debts are sold in bundles of thousands…
How does a company you never even heard of, sue you? It might say, somewhere in the court papers, an old debt you may have owed was assigned to the company suing you. Or, to some other company you never heard of, and then to the one suing you. A buyer of junk debt. Here…
You are sued by a company you never heard of. Somewhere in the papers, it says some debt you may have owed was assigned to the company suing you. A junk debt buyer. A Michigan resident called me last week. He had made a deal with a collection agency to settle a debt on a…
