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A debt collection agency has purchased my dept from a bank they have offered to take 25percent off then they offered to take 35percent off if i hold off do you think they will take off anymore?
Wiki User
∙ 14y ago
Yes....a debt collector more than likely paid anywhere from .10 cents to .20 cents on the dollar for that debt from the bank. That means if they collect 25% less than what was originally owed they have made a substantial profit! You can negotiate with the third party collector anywhere from .30 cents on the dollar and up if you wish.
Wiki User
∙ 14y ago
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