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Collection Agencies (JUNK DEBT BUYERS) have a survey
Filed Under: Collections
Filed Under: Collections
We never would believe it if we did not see it with our own eyes!
It does not take much money to set up a collection agency. It is a legal business in the legal sense of the word. However, the tactics used to collect on debt that is junk is not legal. Back in the day, there were mom & pop collection companies who made a percentage of collecting for some of the larger companies in town. Legitimate. Junk debt buying is totally different. Where do you think the term “junk debt” was established?
Buy a portfolio of debt, get a phone, fax, paper, stationery, a software database (optional), and a few computers - you are in business. It is a business but what goes on behind closed doors is not. See this website for example: MBS Financial. If you look closely on the right side under “WE BUY DEBT” you will find a survey. In the very beginning of this survey, it seems legit but keep reading until you get to the middle of the second page. There is the real “deal” of buying junk debt. These are questions asked to buy junk debt. Collection agencies need junk debt.
Keep reading our site and bookmark it because now it is time we are going to get into the names of who is who in the JDB world. We will be posting articles here of infamous JDBs and their reputation (possibly some testimonials.) The list of JDBs is long!
We want to hear about your victory with your personal experience of any JDB you have come against. Also, we can answer questions if you are in a situation and have to fight a JDB now. Stay tuned for some eye opening info…
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