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Topic	Is it worth it to pay off collections debts to collections companies?
littlebro07 04/25/23 3:48:18 PM #19:	NecroFoul99 posted... Yep. They can say, you owe me! all they want. Your reply should always be, prove it. If they cant, theyre usually out of luck. This Especially when it's been that long. Chances are they're not even the first collection agency. Bill becomes due: $5000 Past due: Collections company buys it for $4500 Can't collect on it, wants something instead of nothing, so sells it to another company for $3000 Can't collect on it, wants something instead of nothing, so sells it to another company for $1900 Eventually they've paid very little for what you actually owed and somewhere in the process the paperwork proving you even owed anything at all gets lost. --- https://i.imgtc.com/MGGa6Os.gif <cite>littlebro07 posted [p:973070054] in Is it wort... [t:80423096]...</cite> <quote>NecroFoul99 posted... </cite><quote>Yep. They can say, you owe me! all they want. Your reply should always be, prove it. If they cant, theyre usually out of luck.</quote>ThisEspecially when it's been that long. Chances are they're not even the first collection agency.Bill becomes due: $5000Past due: Collections company buys it for $4500Can't collect on it, wants something instead of nothing, so sells it to another company for $3000Can't collect on it, wants something instead of nothing, so sells it to another company for $1900Eventually they've paid very little for what you actually owed and somewhere in the process the paperwork proving you even owed anything at all gets lost. --- https://i.imgtc.com/MGGa6Os.gif</quote> ... Copied to Clipboard!
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