Third Party Debt Collectors
Mon, 01/22/2007 03:40
I would like to remind everyone that when a third party debt collection company purchases your information, you have no contractual relationship with them nor any financial obligation with them.
They try an convince you to establish a contract with them through deception. Do not agree to anything. If a debt is in collection, the original creditor has charged the debt off and expensed the debt on their tax returns. They have been made whole for the principal, and are only entilted maybe to the interest on the loan.
Contact a lawyer.