How does one feel when you wait almost to your state statue and some collection service buys your old debt for pennies on the dollar and it becomes a BRAND NEW DEBT--just under a different name.
This is sharking...and it happens to all/selected credit profiles. the "THREE" bureaus make a living on selling near- to- end debts.
Unfortunetly this style of "BAD GUY" Collection makes it so hard to deal with any one within there company. Sometimes not even a phone number exist to call and ask a question.
Why is this allowed??
Example: Oreck company I owed $176.00 (I auctually forgot about it) dates added to collection 3/1999. Tried to take it off my profile to NO luck. Was told in 2006-Just wait until the statue of Limitations. Now as of 1/2008 it was bought by another and is now $347 listed. 3/2008 is now listed by yet another corporation/collections for $414.00 it took me 5 solid days to find out what was newly added to my profile for $414.00. NOW the debt appears TWICE ON MY REPORT!!
