I have read through this forum, and read most of the cases.
I have a question. I know when a collection agency buys a bad debt, they purchase it between $.50 - $.75 to the dollar. (original debt $1000., bought for ? $700.)
My wife just got a letter from a collection agency that purchased...
Clarifications
Thanks for your response.
I realize I messed up in my post. My relation to the wife, is I am her current husband. I was not the receiver of this money, nor was I even in the picture at the time.
This was a gift from the Ex-Mother in-law to my wife way back when. Now...
My Wifes Ex-Mother in law gave me some $ many years ago (6+). The Money helped her obtain an apartment for herself and child. Without a larger deposit, first and last months rent, She would have never gotten into the apartment, because of a ruined credit history because the X left her with all...