The pandemic has been horrible for most people and businesses. However, one of the winners in the pandemic financial fallout has been debt collectors. In fact, your misfortune turns out to be their good fortune. There are a number of reasons for this, including the CARES Act, passed to protect workers. Let’s take a look at credit card debt and debt collectors. Buying & Selling Debt Like any other commodity, debt is sold and traded. A company wants to get the bad debt off their books and so will sell it at a discount to debt collectors. Collection agencies give […]
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