The TRUTH on “Pay For Delete” letters? There is no such thing.
Collection companies often buy debts for pennies on the dollar.
Older accounts devalue in age, and are known as “junk debt”, and are often purchased on a spreadsheet with similar medical, utility and pay day loan type accounts. It's BIG business...over 50 Billion a year big.
Collection companies are more likely to get paid if a debt is causing pain or creating an issue, so t ..