Re: No Faith in the Moral Standards of the Players as a Group
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Originally Posted by Icky Thump
In my experience, some of the lawyers who defend that stuff got kicked out of the fake personal injury case law firms. On the other hand some will know "Amex takes 55% so don't offer 56%."
Be advised if you settle for less than full value I think it still stays on your credit as a chargeoff.
All of this info comes from my pre-law career as in-house credit & collections for a credit card company so not sure if the law has changed in 25 years.
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I used to buy and collect portfolios. Four out of five guys who defend those cases are serious bottom feeders. But the fifth guy is the prick who brings the FDCPA claim. Those guys drove us nuts. Settlement here, settlement there, and soon enough you're out real money.
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