"ManWhore" wrote in message
news:11q1ud0mqaq6t68@corp.supernews.com...
>
> "Jeffry" wrote in message
> news:IV5of.1148$V7.544@news-server.bigpond.net.au...
>>
>> "meow" wrote in message
>> news:1134613127.294311.129500@g47g2000cwa.googlegroups.com...
>>> Lol, funny thing is though most of them have probably had more
>>> education than yourself, although I imagine that you probably have had
>>> much. Why do I say that? You say "You made a 'packet' from shares in
>>> creditcorp then used it to pay them back... well think about how much
>>> they paid for the debts that you had with them probably 10-20 cents in
>>> a Dollar, so they probably made a packet from you.
>>
>>
>> Are you presuming there was interest paid on the debt, at more than a
>> 10-20% rate? Only this way could the debt collector be 'making money'
>> off the debtor.
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> Does it really cost $50-$100 to send someone a basic reminder letter?
>
> Now, tell me again that you are not making a profit.
>
Yeah, they are making a profit..
But they are not "making money off the debtor" if there is no interest paid
to the collector, because the debtor is simply paying off the debt that he
always had. The collector is making serious money off the original
creditor, who can't be bothered collecting the money himself or taking it to
court...
> A new girl a'day keeps the marriage away.
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