Debt Collection Agencies Are Buying Up Remaining Balances Of Full And Final Settlements

Written on November 16, 2009 – 10:18 pm | by TC |

I don’t know if this is true or not, but I have read on the Consumer Action Forums that some unscrupulous lenders are agreeing full and final settlements with their borrowers, confirming that they will not pursue the remaining balance of the debt to the borrower, but then selling this remainder onto debt collection agencies.
Apparently [...]