Recently, Marquetta Hall received a series of phone calls from Portfolio Recovery Associates regarding a past due debt over 15 years old. Even though attempting to collect on this debt was in direct violation of the statute of limitations, PRAA told her they were still collectable. This is not surprising being that just last year this same debt collection company bragged about collecting on a debt from 1976!
The simple fact that the business models of traditional collection firms continue to rely on illegal practices such as this reinforce our belief that we are in the right place at the right time. As we speak, the government is in the process of a $19 billion settlement for the major banks regarding the recent mortgage crisis.
Do think they want another major crisis on their hands?
That’s why change is inevitable. Banks will want no part of selling their debt to collectors using “shady” practices. Why should they when they have the option of selling their assets to a company with an established reputation for going about collections in the proper fashion.
All I can say is CHA-CHING!
Do Good and Make Money!
p.s. read the full debt collection account