Quote:
Originally posted by Lane
the thing is, since they are the merchant, they own the transactions. u dont really have the right to try to collect.
(someone correct me if i'm wrong)
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Actually this is not true. You can buy bad debts and then you own them and you can collect on them.
Stock if you're seriously considering this, then do a search on the Fair Debt Collection Practices Act. Their site will most likely tell you how you go about it. Also what you can and can't do, different states also have different laws regarding collecting debts. For instance in PA you can't contact someone twice in 7 days at home and you can not contact someone twice at their job in a 30 day time period...it probably has not changed but that was the law here in PA 5 years ago.