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Collections in the US can't really do anything from my experience. I had some $24 debt that when I offered to settle the debt collector hung up on me. Sure if
by sidewndr46 4y ago
Collections in the US can't really do anything from my experience. I had some $24 debt that when I offered to settle the debt collector hung up on me.
Sure if you owe someone $150,000 and have a net worth of $500,000 they'll take you to court. But over a cell phone, that probably is not going to happen.
Also when the debt is sent to collections the originator only gets about 1/10 the cost.
- CogitoCogito 4y agoThe threat to send it to collections does have some power to convince people to pay.
- sidewndr46 4y agoYeah I didn't really consider that perspective.
- thayne 4y agoThey can ruin your credit score and make it difficult or impossible to get any new credit/debt.