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Tag Archives: purchased debt

Can a Purchaser of My Debt Charge Me Anything They Want? – Louise

Ready to Collapse

“Dear Steve, I turned over one of my credit card debts to a debt negotiation company. I currently checked my credit report and this credit card shows status of closed. Write off of $xxxx. A credit collection company now shows up on my report as a debt purchase account – and has $xxxx – $100 listed as the balance but ... Read More »

    A Paper Worth Reading: Robo-Signing and Lack of Proof in Debt Buyer Cases

    Here is a great research paper worth reading. It certainly helps to focus the robo-signing issues we’ve all heard about with mortgages to a problem that debt relief providers will need to deal with. For a while we’ve talked about the issue of a debt relief provider that either sets up a payment plan or assists a consumer to settle ... Read More »

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