Poorgirl Posted June 29, 2005 Report Share Posted June 29, 2005 I keeping seeing this around on other posts' and wonder what it means....I have an idea it has something to do with an attorney...but would like to know more... Link to comment Share on other sites More sharing options...
willingtocope Posted June 29, 2005 Report Share Posted June 29, 2005 JDB = Junk Debt Buyer. (After the original creditor determines that someone isn't going to pay, they "charge off" the debt, and sell it for pennies on the dollar to someone else. You technically don't owe those people anything, but they'll continue to hassle you for it.)There's a "Please read before positing" forum at the top of the first page that has all the abbreviations explainded (...don't worry about, nobody reads that first...) Link to comment Share on other sites More sharing options...
breathing_easier Posted June 29, 2005 Report Share Posted June 29, 2005 JDB = Junk Debt BuyerThey buy collection accounts from OCs and other CAs for pennies on the dollar. They are classified as a CA and are bound by the FDCPA.Here's a link that explains most of the acronyms used on this site and others:http://www.debt-consolidation-credit-repair-service.com/phpBB2/viewtopic.php?t=3838 Link to comment Share on other sites More sharing options...
Poorgirl Posted June 29, 2005 Author Report Share Posted June 29, 2005 Thanks.... Link to comment Share on other sites More sharing options...
Recommended Posts