Feb 5, 2008, 12:02 PM
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 | Junior Member  | | Join Date: Jan 2008
Posts: 47
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| Sample of a Portfolio Bid Offer, unbelievable
I found a long list of portfolios of old debts that are up for bid. Just to show you how unscrupulous some of the bottom feeding junk debt buyers (JDB) are - below is a sample of one of the open auctions that is ongoing right now. If you will note, these debts have been already sold or placed 2 or 3 times around. They are auto deficienies, loans, credit cards and judgments. The dollar value is $1,166,890 and the debt seller's asking price is 1.75 percent. Just imagine what a JDB makes on these investments! I am not suggesting anyone ignore their debts, but sometimes bad things happen to good people and these people thrive on us. Portfolio Details
Offering Company: WorldWide Debt Exchange
Composition: Auto Deficiencies, Consumer Loans, Credit Cards, Judgments
Characteristics: 2nd Placement, 3rd Placement
Portfolio Amount: $1,166,890.00
Average Balance: $2,015.00
Age: Avg Last Pay Date - 5/21/2001
Number of Accounts: 579
Region: WA
Date Listed: 1/29/2008
Bid Due: 2/28/2008
Closing Date: 2/28/2008
Contact: Mandy L. Stickles, 866-332-8648
Comments: Sale #62196 on WorldWide Debt Exchange. The seller purchased the accounts from 2 different sources in 2005 as 1 and 2 agency and then outsourced to 2 agencies. The accounts have now been worked by 2, 3 or 4 agencies. Accounts have been reported to Trans Union only. Seller has approximately 60% of the media documentation in his possession and will include it in the sale at no extra charge. Buyer will be responsible for shipping charges. Media may include applications, statements and affidavits. Asking price is 1.75%. Members of WDX may log in immediately to review the sale. If you are not a member, you may register for free at WorldWide Debt Exchange or contact Mandy Stickles at the information listed above.
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