BigShotNoMore Posted February 5, 2009 Report Share Posted February 5, 2009 Can someone please define these and advise me how I know one when I see one. I realize they are significant as a tool. but I need to understand more. Lots of the threads discuss them without defining them...Thanks a lot Link to comment Share on other sites More sharing options...
debtorshusband Posted February 5, 2009 Report Share Posted February 5, 2009 JDB is Junk Debt Buyer. It is a derogatory term used on these boards for a company that buys debts that the Original Creditor (OC) has given up on. Or they've bought it from another JDB, who bought if from another JDB, and so on.A dunning letter is that friendly letter from a Collection Agency (who may work for the OC, or for a JDB, or may be a JDB) which says:"We have been hired to collect the money you owe So-and-So. Please send payment in full."Of course there are many variations. By law, it must tell you how much they are demanding, who is demanding it, and it must inform you of your rights to dispute.I've posted the text of the law in response to another of your posts.Regards,DH Link to comment Share on other sites More sharing options...
brit5467 Posted February 5, 2009 Report Share Posted February 5, 2009 I was 'lost' too, at first. Click on the main part of this forum, called Credit and Debt Problems Forums, and check out the first 'Announcement.' It has a post with ALL the abbrevations. I printed out a 'cheat sheet' so I didn't have to keep going back to it. Link to comment Share on other sites More sharing options...
BigShotNoMore Posted February 8, 2009 Author Report Share Posted February 8, 2009 Thanks for the info Link to comment Share on other sites More sharing options...
Recommended Posts