Buying and Selling

Archive for the ‘Credit’ Category

can someone tell me how buying and selling debt, and just debt in general, works?

Tuesday, February 9th, 2010

blondie asked:

i have to write an essay on buying/ selling debt, but i really dont know what to write about…….

Tags: Buying & Selling, Essay On, General Works
Posted in Credit | Comments Off

Is there any way around the loophole collection agencies seem to have found in buying & selling your bad debt?

Wednesday, February 4th, 2009

Liz asked:

I thought there was a seven year rule in that all bad debt on your credit report “fell off” after 7 seven years. It seems that now it might never go away. I unfortunately do not have a job, no prospects of getting one any time soon. Does any one know of a way to stop this?

Tags: Bad Debt, Collection Agencies, Prospects
Posted in Credit | 2 Comments »