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Unique Question about Collection Agencies
BayHouse Credit Forum: 10/1999 to 01/2001: Credit Reporting, FICO Credit Scoring, Disputes, Collections, Charge-offs, Bankruptcy, CCCS: CATEGORY: Credit Disputes - Bankruptcy - Establish new credit: Unique Question about Collection Agencies
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Steve Jones

Thursday, December 30, 1999 - 02:26 am Click here to edit this post
I was just thinking, Collection Agencies buy our old account for pennies on the dollar?
Could an I setup a DBA business and buy my own accounts from a collection agency for Pennies on the dollar and then remove the item from my report.
Example ABC Collections holds an account of 252.00
My new agency would try to purchase the account.

Just wondering
What do you guys think
Steve

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Kristy Welsh

Thursday, December 30, 1999 - 02:59 am Click here to edit this post
You actually can do this according to a posting on my own discussion boards:

http://www.creditinfocenter.com/discus/messages/16/29.html?ThursdayDecember1619990822pm

No experience with this, however.
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Christine Baker

Thursday, December 30, 1999 - 03:38 pm Click here to edit this post
This topic has already been discussed here in:

CATEGORY: Investing in (bad) credit paper

http://www.bayhouse.com/discus/messages/4/139.html?WednesdayDecember2919991259am

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