Sunday, August 9, 2009

When someone defaults on a credit card,....?

When someone defaults on a credit card, after a time the credit card company will charge off the debt. Then a third party will buy the account and try to collect the account. How much does the third parties pay for these charged off accounts?



When someone defaults on a credit card,....?

The third party would get 25% of the collected money.



When someone defaults on a credit card,....?

x amount of cents on the dollar,unsure what the#%26#039;s are

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