Community Chat

[Desertdi]

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@spumoni99 wrote:

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@Desertdi wrote:

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@spumoni99 wrote:

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@Desertdi wrote:

If your account has been turned over to a COLLECTION AGENCY, you need to deal directly with them. 

If you default on a credit account, you become a BAD RISK. 

This information is given to credit reporting  agencies and will be a blemish on your financial reputation.   

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@Desertdithat is not true, she can still deal with the original creditor.

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@spumoni99 

If that's the case, it must be "something new".    I worked credit for MANY YEARS for a primary metals producer.    My function was to prepare the RESERVE FOR BAD DEBTS.    

(That means I was on the Treasurer's staff.)

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@DesertdiNothing new.

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@spumoni99 

You may be talking about "dollars"...and I was involved with MILLIONS of dollars.      

[LillyandHobo]

I agree. Before I read anything she writes I know it's not going to be good. Why does she make the print so large is it to get her point across above all others?

[JeanLouiseFinch]

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@LillyandHobo wrote:
I agree. Before I read anything she writes I know it's not going to be good. Why does she make the print so large is it to get her point across above all others?

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Ummm, not quite.  There have been posters who requested larger fonts to be used because they can't read the default size.  Apparently they don't know how to enlarge their screen.  Some people are trying to accommodate.  

[Tori3569]

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@LillyandHobo wrote:
I agree. Before I read anything she writes I know it's not going to be good. Why does she make the print so large is it to get her point across above all others?

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If you mean @Kachina624 , she has an eyesight issue, so uses a larger font.   So, no, it's not to "get a point across above all others", what that means.   

[KathyM23]

A lot of rudeness between posters on this post.  Especially since this is most likely a baiting post and it seems to have met its goal

[Venezia]

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@LillyandHobo wrote:
I agree. Before I read anything she writes I know it's not going to be good. Why does she make the print so large is it to get her point across above all others?

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@LillyandHobo - More than one poster on these boards and on this very thread have used an enlarged font.  (Posters use a variety of fonts:  large, small, various colors, some bold, some italics.)

So to whom are you addressing your comments?  It's best to be specific, so there's no misunderstanding.

And, if it's about whom I think you're speaking, I would completely disagree.  Clearly, you haven't read every single post by that person or you'd know your statement is not true.

BTW, do you consider your own post "good" or positive?  Just something to consider.

[spumoni99]

I appreciate the bold larger font.  I also consider her to the point but not rude.

[Marp]

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@spumoni99 wrote:

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@Desertdi wrote:

If your account has been turned over to a COLLECTION AGENCY, you need to deal directly with them. 

If you default on a credit account, you become a BAD RISK. 

This information is given to credit reporting  agencies and will be a blemish on your financial reputation.   

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@Desertdithat is not true, she can still deal with the original creditor.

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@spumoni99,  I agree with @Desertdi when an account has been turned over to a third party collection agency.  In most cases the debt is sold to the agency, often at a discount, and they recoup their money by collecting the amount owed.

Once the debt has been assigned to a collection agency the original creditor no longer has an interest in the debt.

If the debt is turned over to internal collections, if the creditor entity has one, the creditor retains ownership and the debtor can deal directly with the creditor.

The key difference is whether the debt was assigned to "collections" or a "collection agency".

[spumoni99]

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@Marp wrote:

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@spumoni99 wrote:

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@Desertdi wrote:

If your account has been turned over to a COLLECTION AGENCY, you need to deal directly with them. 

If you default on a credit account, you become a BAD RISK. 

This information is given to credit reporting  agencies and will be a blemish on your financial reputation.   

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@Desertdithat is not true, she can still deal with the original creditor.

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@spumoni99,  I agree with @Desertdi when an account has been turned over to a third party collection agency.  In most cases the debt is sold to the agency, often at a discount, and they recoup their money by collecting the amount owed.

Once the debt has been assigned to a collection agency the original creditor no longer has an interest in the debt.

If the debt is turned over to internal collections, if the creditor entity has one, the creditor retains ownership and the debtor can deal directly with the creditor.

The key difference is whether the debt was assigned to "collections" or a "collection agency".

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@Marp it can be bought back by the original creditors.  Lots of ifs so can't make blanket statements here.