Junk Debt Buyers

Discussion in 'Credit Talk' started by martig4, Jun 16, 2007.

  1. martig4

    martig4 Well-Known Member

    I work for a company that approached us for buying very old (both in and out of SOL) from us.

    Their pitch is quite appealing to the creditor, we get cash - even if a few cents on the dollar it adds up - right now from them.

    The accounts we would consider selling are those where we believe there is no hope for collection.

    If any of you have questions on how the JDB process works, I'd be happy to answer any questions.
     

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