My question involves collection proceedings in the State of:Colorado When a creditor charges off an account and sales it to a company for collection how can I find out how much the original creditor received?
My question involves collection proceedings in the State of:Colorado When a creditor charges off an account and sales it to a company for collection how can I find out how much the original creditor received?
To the best of my knowledge, you can't. They are not required to disclose this.
You could sue for the info, I suppose, but to what end?
Unfortunately most of the agreements between the original creditor and the JDB are "trade secrets". You may be able to subpoena it in a lawsuit but expect a huge fight to suppress the information from either the JDB or the original creditor's counsel.
Anticipate between 1 and 10 cents on the dollar. Some judgements go for 12 to 15 cents on the dollar but it is very rare.