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10-29-2006, 07:28 PM
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#1 |
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Debt bought by Collection Agencies
When a Collection Agency buys bad debt am I responsible for the original debt amount of the debt or what the collection agency paid for the "bad" debt. They have always tried to get me to settle up for almost 1/2 of what the original debt was, which tells me that they didn't pay for the whole amount.
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10-29-2006, 09:23 PM
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#2 |
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Re: Debt bought by Collection Agencies
The entire amount is still due but they will often settle for far less.
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