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Is This True?

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    Is This True?

    I think I have read on here that if your debt goes into collections or even gets sold, that there is less chance for creditor objections.

    Is this true? And if it is, how come?
    Filed Chapter 7 Pro-Se May 29, 2008
    341 July 1, 2008
    Discharged September 4, 2008
    Closed November 10, 2008 :-)

    #2
    Originally posted by danaf View Post
    I think I have read on here that if your debt goes into collections or even gets sold, that there is less chance for creditor objections.

    Is this true? And if it is, how come?
    Maybe because when account are sold they sometimes lose info on the move.. see I fix credit so I know that sometimes alot of the time when a account is sold to what we like to call a junk debt collector they dont have all info the orig. creditor had.. statement, good sound records. So therefore they mite not have enough info or records to object to anything.
    *Filed Chp 7 bk 11/13/07 PRO SE :yahoo::yahoo:[x]
    *Last day to Objection 02/19/2008 :yahoo: [x]
    *DISCHARGED 2/25/08!!:cry::yahoo: CLOSED 2/29/08
    TransUnion 538 Experian 519 Equifax 531

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      #3
      I agree with the above. And besides, they have bought that account from the original creditor. They don't want to spend all the money it would cost to get a lawyer or do all the paperwork to object unless they had a substantial interest in your money. Unless you owe thousands and they know you have it, I don't think you'll have a problem.
      Sarah H Owosso, MI
      WE DID IT!! PRO SE
      Filed 7/30/07 341 meeting 9/20/07 60 DAY CLUB 11/19/07!!! :yahoo::yahoo:
      DISCHARGED!!! 11-26-07:yahoo::yahoo::yahoo: CLOSED 12-06-07 :yahoo::yahoo:

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