Bad Debt Buying: 2013 FTC Study Just Released

Published: Wed, 01/30/13

,

The FTC just concluded a 2013 study focused on the debt buying
industry. If you're interested, read on. If not, I suggest you
"blow outta here" now.

Direct quotes from the FTC: We've provided a direct link to the
entire FTC PDF at the bottom of the POST here:
http://paydayloanindustryblog.com/debt-buying-and-collections-2013-ftc-study-released/

A portion of the key findings of the study are as follows:
PRICES BUYERS PAID FOR PURCHASED DEBT

Buyers paid an average of 4.0 cents per dollar of debt face value.
Older debt sold for a significantly lower price than newer debt.
The price of debt older than 15 years was virtually zero. Buyers
paid similar prices for debt purchased from original creditors and
resellers...

INFORMATION THAT DEBT BUYERS RECEIVED...

Read the FTC Executive Summary and access the entire PDF here:
http://paydayloanindustryblog.com/debt-buying-and-collections-2013-ftc-study-released/

, PS: You requested industry related info from us at .
No Longer interested? Click this link: