Search the Community
Showing results for tags 'book'.
Currently reading above mentioned book, about a quarter of the way through. Anyone else read this? So far it was interesting to see some actual dollar figures placed to what portfolios of debt are sold for, and what CA's (through various tactics, including really scummy and illegal) are averaging on profit. I know that it violates their agreement with the CRA's but if I opened a CA, I would PFD all day long for these profit margins. It's not like you have to be very creative to fly under the radar with it. You can be totally compliant with FDCPA and still make a killing, even factoring in all the uncollectable debts that will be included in a package. Just wondering out loud why CA's put up such a fuss when their end game is profits. Rhetorical.