03-07-2010, 03:50 AM
|
|
500 posts and hasn't been banned yet....
500 posts and not banned yet
|
|
Join Date: Sep 2009
Location: Someplace in the US
Posts: 873
|
|
SO TRUE ...
Quote:
Originally Posted by trueq
In my experience, lawyers don't ant to mess with the arbitration exercise because they know its an expensive method of recovery for their client. If you are smart enough to know what arbitration means these days, know there is a Arb. clause in the contract, have exercised it, you are too much trouble 95% of the time to deal with and they will cut you off as a "problem" debtor who knows his rights.
|
Bad debt buying is about default judgments and wage garnishment. It is about little billable time for an attorney and lots of profit. Arbitration with NAF was a breeze and a certain payout just like most courts … since the NAF’s demise arbitration took a completely different turn and one most JDB’s or OC will not mess with ... hell most of them run away. They will not mess around with spending thousands of dollars … too much bad debt to collect these days! 
Last edited by MG05; 03-07-2010 at 03:52 AM.
|
Similar Threads
Linear Mode
