Re: watchdog- collection agencies
On Tue, 29 Nov 2005 22:36:40 -0000, "Cro2" <nothinghere@xxxxxxxxx>
wrote:
>x-no-archive: yes
>
>who on earth would want to pay even more to an agency, to (try) recover an
>unpaid debt..??
>
>suckers!
>
>
I've always assumed they bought the debt. So for example if you're
owed £2000 you can get perhaps £500 straight away and cut your losses.
They then try and recover the remaining debt to make a profit.
.
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