How To Find Out What They Paid For My Debt?

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How To Find Out What They Paid For My Debt?

655321 Rep Points:

Posted on July 8, 2009 at 5:39 am

Is there anyway to find out what a debt buyer paid for my debt? I know they are not gonna tell me, but is there a way to estimate this with any degree of accuracy?

Steven Rep Points:

Posted on July 8, 2009 at 6:26 am

Mostr debt buyers will purchase large portfolios of debt with many accounts for pennies on the dollar. You could comfortably assume that they bought your account for somewhere between 5-15 cents on the dollar.

655321 Rep Points:

Posted on July 8, 2009 at 6:31 am

Ok, but how do we know that?

Steven Rep Points:

Posted on July 8, 2009 at 6:36 am

It is common knowledge to anyone who has worked in the debt industry.