Each credit bureau gathers information from sources such as vendors, banks, business credit card issuers, and data collection firms. (valleyridgepartners.com)
In response, lenders often sell delinquent accounts to debt collection firms at a discount to recover some of that money. (lendedu.com)
It has been two years, and the loans have already been written off, sold off, and have been bouncing around between collection firms. (getoutofdebt.org)