Home – New Forums Money matters Old or uncollectable debts?

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  • #966624
    aglasson
    Member
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    Dear all,

    I would like to ask the community for assistance. I am in the planning stages of starting a debt procurement business. I would like to obtain some feedback from members of FlyingSolo about their interest in selling their old uncollectible debtors to someone like myself.

    If you received an immediate payment of say 5 to 10 cents in the dollar would this be of interest to you?

    Are there any concerns or reservations that you would have?

    Thank you in advance for your assistance.

    Regards
    Andy

    #1019742
    Credit Manager
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    aglasson, post: 23288 wrote:
    Are there any concerns or reservations that you would have?

    Thank you in advance for your assistance.

    Regards
    Andy

    Hi Andy,
    I would want to be sure that you are a licensed debt collector, and that you wouldn’t continue to persue debts once they reached the six year statute barred time limit.

    Cheers,
    Paul

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