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Category Archives: Debt Buyers



Collection agency and debt buyer Asset Acceptance Capital Corp. has said it will close two of its offices: one in Michigan and one in Maryland. This comes on the heels of their most recent earnings report.
The company increased their investments in purchased receivables by 33.9 percent for the full year 2006 from 2005 levels, […]



You refinance your mortgage, buy a car, or take out a new credit card and run it up to the maximum.  Suddenly you start getting offers for those high-interest, low-limit credit cards that seem to follow around only people who are in credit trouble.
How the heck do all these companies know something’s changed?  Welcome to […]



By Jay S. Fleischman, Esq.
When you owe money to a creditor and don’t pay, that creditor may decide to sell your loan to some other company. It happens all the time, and it’s big business. Companies sell off thousands of debts to these other companies. That’s why your Visa card may be […]