Beware Debtors – Pay Your Debt or Your Debt May Be Sold to Someone Scary

I talked with a neighbor once about credit card collections.  She was black and a close friend. She intimated that at times nonperforming debt is often sold to other companies for pennies on the dollar.  Some of the most successful companies in that field are black thugs as she put it.  They get your social security number and then go to town.  Alot of them do not restrict their efforts to legal methods.

Take Away? – Pay your debts.  Its the right thing to do anyway.