If the debt was a secured debt, yes...if it was unsecured, doubtful they will do this unless it's a large sum of money.
It's only worth a dollar, maybe two to a collector.
Maybe one dollar to a collector.
One dollar, maybe two to a collector.
Original creditors write off defaulted accounts so they can claim them as a loss for taxation purposes. The debt is sold for literally pennies on the dollar. In most cases the third pary collector can collect the entire amount of the original debt and sometimes any applicable fees. The SOL for Arkansa is 5 years. All SS benefits are 100% exempt from attachment by creditors. There are many other exemptions that protect specific property from creditor action.
Yes. If you owe a creditor money and you have an asset (such as a house), a creditor can put a lien against your asset for any amount, even $1.
They (collection agency) would first have to buy the mortgage rights from the original creditor (usually for just pennies on the dollar), before they could take action. Normally speaking though, once a charge off has occured, the chances are slim that a 2nd party would buy those rights due to high risk/low chance of recovery of assets and/or cash as the original creditor has probably already tried applying the max legal pressure (hiring a collection agency) to collect the debt.
It's a novelty item with no collector value.
One Dollar and it's an Eisenhower dollar not a liberty dollar. Only proof and collector's coins are worth more.
yes
Only a dollar, unless it is in mint or proof condition. In this case a collector would pay more than a dollar.
$50 us
You might get a dollar for it from a collector, or face value from a dealer.