Understanding Debt Buyers
When dealing with old credit card debt, it's crucial to understand how debt buyers operate. These companies often purchase uncollectible debts for a fraction of the original amount, which can give you leverage in negotiations. If you're willing to settle, offering a reasonable amount based on their investment can lead to a favorable outcome, especially if the debt may no longer be legally collectible.In this clip
From this podcast
The Ramsey Show
The Ramsey Show (REPLAY for December 27, 2023)
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