Anonymous Posted May 6, 2003 Report Share Posted May 6, 2003 What is the least amount of money you have heard of someone being sued for? Is an out of state collection agency going to take the risk of not getting any money, or having a client filing for BK on a 500$ debt? I mean if the debt is 500$ i can't imagine they payed more then $100 dollars for it. Link to comment Share on other sites More sharing options...
bingo Posted May 6, 2003 Report Share Posted May 6, 2003 A $500 debt a couple of years old they will collet on average about 14% of the debt. They paid just pennies for it in a batch of thousands of similar accont. I'll look around and try and find a couple articles I saw on this recently and post them in the credit article of the week. You talk about a numbers game! Link to comment Share on other sites More sharing options...
Anonymous Posted May 6, 2003 Author Report Share Posted May 6, 2003 cool, I would be interested in reading those articles. Link to comment Share on other sites More sharing options...
paw67 Posted May 6, 2003 Report Share Posted May 6, 2003 I read on another post on this site that Cap1 sued someone in, I believe Wisconsin, for $20.paw67 Link to comment Share on other sites More sharing options...
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