Sentences with phrase «purchasing debts for pennies on the dollar»

This is because collection agencies purchase your debt for pennies on the dollar, assuming they'll be able to collect at least part of the debt.

Zombie debt involves collection agencies purchasing debts for pennies on the dollar that original creditors have long since written off as bad debt.

Remember the collection agencies purchased the debt for pennies on the dollar so anything you offer over that amount is all profit.

Not exact matches

Typically, debt buyers purchase defaulted consumer debts by the thousands for pennies on the dollar.

The collection agency purchases bad debt for pennies on the dollar, literally pennies on the dollar (as low as 0.2 cents in some instances).

Debt buyers purchase charged - off, often uncollectible out of statute of limitations debts for pennies on the dollar.

Encore and PRA, like many debt collection agencies, purchases delinquent debts and charged off accounts for pennies on the dollar.

They purchase old and / or discharged debt for pennies on the dollar and if only a portion of the people they contact pay them, they will make a profit.

The debt buyer purchases 1000s of unpaid accounts from Chase for pennies on the dollar.

Junk debt buyers and collection agencies will purchase old, often outdated debts for pennies on the dollar and come after you for payment of these old debts.

Collection companies purchased the old debt for pennies on the dollar so anything over that is pure profit to them.

Also, debt buyers will likely purchase these promissory notes for pennies on the dollar and be quite aggressive in trying to collect.

Since the debt purchasers acquire these accounts for pennies on the dollar, they are more inclined to accept a reasonable settlement offer, which still represents a profit on their purchase.

Plus, if they're a collector that has purchased debt from your creditor, they likely bought your debt for pennies on the dollar.

For pennies on the dollar, life insurance can be purchased that could wipe away a tremendous amount of debt easily — allowing your loved ones to move on, at an already difficult time for thFor pennies on the dollar, life insurance can be purchased that could wipe away a tremendous amount of debt easily — allowing your loved ones to move on, at an already difficult time for thfor them.