Do you know who owns your debt?
by h4x0r089 - November 16, 2019 at 06:46 PM
#1
https://www.gq.com/story/debt-buying-collectors

Spoiler - Debts are bought and sold
#2
And all of this companies would make profit. Now you know why you have to pay so much for your dept.
#3
Something is fishy about this story. If you have fraudulent charges on your credit card and the store wont help, you cancel the charge with the credit card company. Not sure why she didnt just cancel the card or report it stolen
#4
I've heard stories of debt being sold and the person was never notified and continued paying to the original debt holder. One particular case was a mortgage company. A friend of mine never got the notification and kept paying the original morgtage company. He found out about it in the paper as his house was listed for foreclosure. Quite the mess but fixed in the end.

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