When I run my credit reports (every 3 months when I perpetually re-file a fraud alert request with all bureaus) I see a lot of my former accounts from over 10 years ago on the listing. No problem as far as I am concerned as all is clean. But I bet a person has to demand to have anything over 6 or 7 years removed. I believe BK remains for 10 years.
Gil > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED] Behalf Of Michael Madigan > Sent: Tuesday, August 12, 2008 6:26 PM > To: [EMAIL PROTECTED] > Subject: Re: [NF] What's a fair saleman percentage? > > > The credit bureaus purge after 6 years, I think. I never heard > of a judgment on a 10 yo debt. > > > > > --- On Tue, 8/12/08, Stephen Russell <[EMAIL PROTECTED]> wrote: > > > From: Stephen Russell <[EMAIL PROTECTED]> > > Subject: Re: [NF] What's a fair saleman percentage? > > To: "ProFox Email List" <[email protected]> > > Date: Tuesday, August 12, 2008, 6:14 PM > > On Tue, Aug 12, 2008 at 4:26 PM, Michael Madigan > > <[EMAIL PROTECTED]> wrote: > > > I remember one guy who used to let everything roll off > > his shoulders. He was a real pro at it. He would just hold > > the phone away from his ear until the screaming ended, then > > he would continue on as if nothing happened. Then he would > > hang up and have a laugh about how nasty the debtor was. He > > would never yell back and never give the appearance of being > > the least upset. If they hung up, he'd call them back > > and say "I think we got disconnected", knowing > > full well that he was hung up on. He was a great collector > > because in the end, he collected the most. > > ----------------------------------- > > > > Compensation? > > > > Depends on how much value you expect to land, and how much > > time you > > will allow before you get paid on it. > > > > You bring in an account for say 1000 new prospects a month > > who owe > > 1000. That is a big piece of potential earnings. If > > collector keeps > > 35% of collections can you get 1/4 of that? > > > > So 1000 = 350 gross profit *.25 = 87.5 > > > > Now you have to determine how long you can be expected to > > wait till > > you get your money? Will you accept on 2.5% on every > > account that > > hits the company paid as brought in? So 1000 accounts for > > 1000 each = > > 25,000 per month. > > > > I have no idea what quality of paper you are chasing. I > > know a couple > > who sues EVERY person in every dead loan jacket that they > > purchase for > > 25.00. They get judgments on old cars sold 2, 5 or 10 > > years ago. Not > > sure why a judge would grant a judgment on 10 year old > > debt? but this > > is the repo capital of the USA. > > > > > > > > -- > > Stephen Russell > > Sr. Production Systems Programmer > > Mimeo.com > > Memphis TN > > > > 901.246-0159 > > > > > > _______________________________________________ > > Post Messages to: [email protected] > > Subscription Maintenance: > > http://leafe.com/mailman/listinfo/profox > > OT-free version of this list: > > http://leafe.com/mailman/listinfo/profoxtech > > Searchable Archive: http://leafe.com/archives/search/profox > > This message: http://leafe.com/archives/byMID/%(listmsgid)s > > ** All postings, unless explicitly stated otherwise, are > > the opinions of the author, and do not constitute legal or > > medical advice. This statement is added to the messages for > > those lawyers who are too stupid to see the obvious. > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/%(listmsgid)s ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
