by smoker » Wed Jun 27, 2007 6:38 am
maybe but then again, collection agencies usually buy the debt at pennies on the dollar (not always that cheap but you get the idea, and technically before someone points out that it is more than "mere pennies" there are 100 pennies in a dollar)and if your willing to go into an explanation to that extent if their investment is low enough it may be cheaper to blow it off than to chase down the truth.
i have had debts cancelled merely by writing them a letter challenging the debt, and believe me it was a legitimate death but rather than put the time into confirming it they just killed it....
lets say the debt was for something like a basic credit card at a retail store whose limits generally start at about 300 bucks and lets assume it has been sold to a collection agency for 50 cents on the dollar, chances are you could settle it for 200 bucks right? well if you didnt pay the original creditor you probably aint paying them either, its too small an amount to seek wage garnishment over so you sell it to another agency for 50 cents on your investment so now they own a 300 dollar debt for 75 and if they will settle for less then chances are you could settle this original debt for like 150 but you call and are told by someone who sounds very serious that they are dead, not only are they dead but this is how they died........that doesnt neccessarily alleviate the debt but it may stop the phone calls which was the original intent of the post.....glass may be correct about alleviating responsibility for a debt but that was not the topic, the topic was getting them to stop calling.....theres a very real chance they have a bad phone number but a good address so mike may never hear from them again....
maybe but then again, collection agencies usually buy the debt at pennies on the dollar (not always that cheap but you get the idea, and technically before someone points out that it is more than "mere pennies" there are 100 pennies in a dollar)and if your willing to go into an explanation to that extent if their investment is low enough it may be cheaper to blow it off than to chase down the truth.
i have had debts cancelled merely by writing them a letter challenging the debt, and believe me it was a legitimate death but rather than put the time into confirming it they just killed it....
lets say the debt was for something like a basic credit card at a retail store whose limits generally start at about 300 bucks and lets assume it has been sold to a collection agency for 50 cents on the dollar, chances are you could settle it for 200 bucks right? well if you didnt pay the original creditor you probably aint paying them either, its too small an amount to seek wage garnishment over so you sell it to another agency for 50 cents on your investment so now they own a 300 dollar debt for 75 and if they will settle for less then chances are you could settle this original debt for like 150 but you call and are told by someone who sounds very serious that they are dead, not only are they dead but this is how they died........that doesnt neccessarily alleviate the debt but it may stop the phone calls which was the original intent of the post.....glass may be correct about alleviating responsibility for a debt but that was not the topic, the topic was getting them to stop calling.....theres a very real chance they have a bad phone number but a good address so mike may never hear from them again....