Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it!
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Just ignore debt collectors, the moment u contact them and admit the debt you are screwed. Even if u pay them, it stays on your credit report around 6 years longer than it would have. Since u had no deal with the debt collector, unless u admit to the debt u don't owe them shit and after 6 years from the initial debt, the debt will be dead and u can have it removed from your credit report. #1 thing to remember never admit to these people that u owed anything, never contact them! They cannot sue you, unless u admit the debt.
The orginal debt owners should not be able to sell it if the collect insurance. If i collect insurance on my car then sell it i broke multiple laws and the contract i signed.
They can eather sell the debt or collect insurance they cant do both.
I could list here thousands and thousands of massacres conducted by the British Empire. Most of the famine in the world in caused by British banks. Most of the financial problem in Mexico are cause by British banks. Ask the British banks to stop exploring the world and they will have money to build nice countries. British banks put poor countries in big debt artificially to dominate them and take advantage of their natural resources. 95% of the world's problems today are caused by financial colonialism conducted by British banks.
airplane800 there is no nation to attribute these atrocities to. Theses banks have no nation, they feed of human greed. In the American Revolution they kept the banks, in the Irish Revolution they kept the banks. The only power in this world is money so I don't believe it's accurate to blame the long dead British Empire
Are these people aware of the gun control issue, in this country.. and how many on the side of guns are the common peasants they intend to rip off? .. good luck with that venture in Arkansas, motherfuckers.. I hope they splatter your ass all over a tree..
What John missed was that, by "buying" the debt (I suspect that it can be sold right back), the debt "buyers" are attempting to circumvent the requirements of the Fair Debt Collection Practices Act, which apply only to "third party" debt collectors. What John didn't miss is that these collection agents are, truly, the lowest of the low.
When British folks say Banana. Nahhhhh... That 'favorite thing to do' guy deserves herpes and disfiguring burns right alongside dead baby joke lovers. It think I'm gonna do the debt buying thing and forgive it too! I fucking hate the idea that everyone is crippled with debt for shit that isn't worth a small fraction of the amount of the debt.
I'm sorry but no hospital is gonna let you die bc you cant pay .medical Bill's just ignore all out of state phone calls ...its better than fucking death moron. Medical debt is never a threat to your stupid moronic 80 year old worthless life.
What is it with this plummy snot? Did the Brits banish him or did he escape them? I like political give and take, but this smarmy assed gob pisses me off. Surely there are enough home grown assholes around to do this job.
the deregulation of banking and finance has opened a Pandora's box of scams, for which we, The People, end up paying one way or another (see banks bailouts in 2008) - Debt buying is immoral and should be illegal for a variety of "legal" reason. Because the courts work in tandem with the corporations (instead of upholding the laws, as weak as they are now) these companies don't even have to provide proof of the debt, such as a contract, a detailed/itemized list of monies owed, etc... Judges simply either ignore it all or dismiss any objections from consumers. To make matters worse, those companies are buying legislation to favor them not only at the Federal level but at the local and state levels as well. Thank you Republicans, you truly are the party of "morals", "family values" and "earning an honest day's pay".
I really don't know how you can defend people not paying back money they owe. If you take out a loan or if you withdraw money from a credit card, that is not your money. You are supposed to save up every penny you have to pay back that money. That is not your money and what happens to it is not your decision.You should pay it back as soon as possible and you should not treat it as money you have. Just fucking pay it back as soon as possible and don't prioritize luxuries and pleasures over paying your debt. The problem would pretty much be solved then and there if everyone did this.
Legal advisors help me: can a debt buying company be run as a charity? Or better a church? Because I am fucking sure that the Lady of Perpetual exemption would be fucking booming if they'd buy people's debt with it!
But seriously: is it possible to set up a debt buying company as a charitable organisation that relies on sponsors of some sorts to acquire money, do fundraisers or something and then give away the debt for free or the price they acquired it for + shipping for the one letter the send out? Because that sounds like something that might work! Legal scholars help me out on this!
and be honest: would you not give 2$ if you could lift someone's 20 000$ debt with it?
If you got a letter reading: "Your 45 000 dollar debt was lifted by organisation xy who paid 4.67$ for it. Please help us to keep this charitable business up and running by donating that amount (or however much you are willing to give)!" Wouldn't you at least pay them 10 bucks and be relieved AF?
I repeat: This might work!
You are going to have to change the name of your company, because you are no longer a bottom feeder. You see many people think that they are just paranoid that the government will protect them from all these scams and legal entanglements, but you have proved to us all that we have every right to be PARANOID.
Man 1 : I am in dept due to my hospital bill and failure of private insurance.
Single Payer Health Care: I am here mate!.
Man 1: YOU SOCIALIST DEMON MONKEY BURNNNNNNN......
p.S: i am sorry if the joke was offensive to some, but that is the intention. It means most who resist single payer and some legitimate social policy aren't aware of it's true intention and how it is achieve in first place. And i am sorry but no main stream network is gona let you familiarize with them either. Instead do some self research or call your friend who lives in a country which has single payer or similar healthcare policy.
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I would love to see a follow up on this with some of the people they helped. I also wonder if this could be done on a larger scale. Charities could buy of debts and donate them back to the people. less then 1 cent per dollar sounds like you could 1/100 your debts if you buy them yourself! :-D
In all fairness... what is he giving away? The debt he's "forgiving" is already expired. It's just a list of contact information and purchase details for people with expired debt... so one could theoretically collect on the debt without them realizing they don't actually owe that money anymore.
What I want to know: how come the original debtor cannot buy their debt for the discount and then pay that? It makes no sense to first stack absolutely idiotic levels of interest on a debt and then sell it at a price well below the original value.
Community pharmacists are the health professionals most accessible to the public. They supply medicines in accordance with a prescription or, when legally permitted, sell them without a prescription. In addition to ensuring an accurate supply of appropriate products, their professional activities also cover counselling of patients at the time of dispensing of prescription and non-prescription drugs, drug information to health professionals, patients and the general public, and participation in health-promotion programmes. They maintain links with other health professionals in primary health care.