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Whats different with a JDB ?

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I recently received a letter from Palisades saying they had PURCHASED my original $30K debt from Chase.

I have of course DVed them but wondering what, if anything, is different with a JDB than with all the other CAs Ive dealt with that were merely assignees?


1. How likely is a JDB able to provide validation?

2. Are they easier or harder to deal with for settlement, since they probably paid 7 cents on the dollar?

3. How likely is it to be sued by a JDB?

4. Are odds any better in court in fighting them?

Ive settled other cases, both in and out of court but a purchased debt is new to me.

Your experiences please.

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1 - depends on the amount of the original obligation...and what the OC sold with it. No telling - depends on the OC, the JDB, stuff like that

2 - same as above

3 - same as above

4 - hopefully it won't have to get to court, right? But again, the "same as above" answer applies here as well

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My experiences are that JDB's are more quick to rollover when shoved. I suspect that it's because

a) They make their money in volume. If you're wasting their time by being a pain-in-the-a$$, informed consumer, then they'd rather not deal with you.

B) They likely just purchased your name, address, and basic debt info from a database. An CA works on a commission basis with the OC. There's a bit a relationship there that probably allows them to communicate. The OC doesn't get paid unless they help the CA do their job. On the other hand, once a debt is sold to a JDB, the OC has washed their hands of the thing. They sold it so they don't have to deal with you anymore, they can't afford to be hand holding a JDB like they can a CA. As such, JDBs are less likely to be able to supply you with legit DV info. I once sent an untimely DV letter to one JDB who quickly deleted from my CR but then turned around and sold the account to another JDB.

But like Amerikaner83 said, things really vary between the companies. They might also be more likely to sue you than an OC (CA's don't sue) since it's much more profitable than sending out reams of ignored letters. They don't have much to lose and 90% of people don't answer the summons anyhow so it's an easy judgment, and then a small step towards forcibly taking the money.

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If you do get sued....

What is the liklihood they will come up with firsthand fact based witness from OC?

Almost Zero!

If a lawsuit follows, which is still unlikely, all you have to do (aside from answer and countercliam) is say "Object counsel is testifying" anytime counsel spews alleged facts about it from their mouth and file a "motion to strike" when they come up with a sham internal affidavit or an affidavit from the OC. (Affidavit signer has to be available in court for cross or its inadmissable!)

JDB's have very little to go on when a defendant sticks up for themself in the right way. If they don't get default judgment, the case is really over for them.

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The basic answer is a JDB uses pressure to try and make people pay.

They usually do not have a complete chain of title on the debt.

They usually have no "personal knowledge" of the debt.

What they usually do have is nothing more than an affidavit of debt, which can be easily challenged.

They usually do not have any signed contract or purchase receipts to prove the amount of the debt.

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Some great responses here, thank you very much.

Regarding Palisades and Wolpoff, thats scary. Ive dealt with Wolpoffs NAF scheme and they never validated after 4 requests. Now trying to get them to validate in court.


Since Palisades is owned by Wolpoff, does that up the odds of getting sued?

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Palisades usually sues. First they send it through a few of their other "companies" to see if they can get you to pay and they all take a good wack at your credit report. Each of them add on their own little fees so by the time it gets to court, it has more than doubled. Then they usually get a "local" scumbag attorney and sue.

Make sure you keep ALL paperwork plus the envelopes when dealing with this company. If they send enough.....you should be able to get them on violations.

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