Ask Experts Questions for FREE Help !
Ask
    marklar218's Avatar
    marklar218 Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Feb 8, 2011, 06:15 PM
    How do dept collectors make money
    Do they but the debt that is the balance of the principal of the dept or does that include the interest that goes along with balance
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Feb 8, 2011, 06:40 PM

    There are two ways. Either they work on commission for a percentage of what they collect. Or they purchase charged off debts for pennies on the dollar then try to collect.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

I make all the money, I make all the rules about it, right? [ 39 Answers ]

Of course not. That's the dumbest thing ever said. Now how do I convince my wife that just because I make the money (she is a stay at home mom to our 2 terrors) doesn't mean that she doesn't get to spend it and doesn't get an equal say in how it is spent. Ive tried the "were partners,...

How do I make money with this [ 6 Answers ]

I have to do a mitzvah project and I really wanted to do this singing thing but I tried to sign up to late so I can't, I think I want to make money for charity by singing or selling cookies. Athough, I have no idea how to use that to make money! Any advice?

How can I make money under 18 [ 9 Answers ]

I'm 17 years old I'm making research on how to make a money on the web and get paid throw papal that way I wouldn't have to give out my personal info on the web for (social security etc.) what's your best opinion

How to make money [ 1 Answers ]

How can I/a 12 year old, make money? Don't say alowece.

View more questions Search