Sentences with phrase «buy debts for pennies on the dollar»
If you have collections and you want to settle by paying less — which is advisable as many collectors buy debts for pennies on the dollar anyway — make sure you have an agreement in writing that the account will be deleted from your credit file (s) before paying a dime.
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They buy debts for pennies on the dollar and try to collect the full amount.
Plus, if they're a collector that has purchased debt from your creditor, they likely bought your debt for pennies on the dollar.
Not exact matches
But understand that the collection agency bought your $ 4,000 debt for pennies on the dollar.
Vulture investors like Mr. Smith often buy up the debt of weak companies for pennies on the dollar, hoping to turn a profit when the companies go through bankruptcy or restructure their businesses.