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Author Topic: What JDB's buy  (Read 11561 times)
rubyruby27
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« on: August 28, 2006, 09:06:44 AM »

Here's the link:
http://webpages.charter.net/jmalik3577/605IRS.pdf
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CrzyAmeriCan
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« Reply #1 on: August 30, 2006, 10:45:57 AM »

Not Found
The requested URL /jmalik3577/605IRS.pdf was not found on this server.
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rubyruby27
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« Reply #2 on: August 30, 2006, 06:35:17 PM »

The link is dead now.  Will try to find it another way and post.
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SHRINKINGVIOLET333
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« Reply #3 on: March 25, 2010, 06:45:02 PM »

I have heard that these JDB's are not buying as much as they used to.
Is not as lucrative from what I understand.
So I have also heard that the 'Original Creditors' are
keeping the bad debts, and working them more themselves.
Anyone else got any input?
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I am learning the hard way, so don't listen to seriously to what
I have to say, as it isn't legal advice. Go see a lawyer for that.
creditstudent38
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« Reply #4 on: March 14, 2012, 04:31:28 PM »

http://phx.corporate-ir.net/phoenix.zhtml?c=115920&p=irol-irhome

you can look at Encore (a.k.a. Midland Funding LLC, Midland Credit Mgt..) and what they buy and for how much.
It went down from 9 to 15 cents on face value per dollar, to 5 cents to 9 cents and they mention some slowing down...

i found this whil researching the Sheridan v. Midland funding case (she won) and they still buy (and aggressively litigate) debts purchased for pennies on the dollar..
they are still making a killing on struggling people and it's wrong!

http://phx.corporate-ir.net/phoenix.zhtml?c=115920&p=irol-reports
you can see how they buy almost blindly on volume and what they actually paid for these toxic debts that they THEN go after the full amount in court..
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