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Author: kahunacfa Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 15349  
Subject: Re: Collection Agency Date: 1/10/2006 10:03 PM
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I owed my previous employer for tuition they paid and which I left/termed within a specified time frame to pay back. They sent me a bill which I disputed and in return laid out how much I think I owe. (I know stupid) Anyway I offered 1/2 of what I figured I owed, the agency has not responded. Should I contact them? How long are they going to take to decide whether they will accept my offer. Is 50 cents on the dollar industry standard when collecting debt? - Manny24 | Date: 1/10/06 12:33 PM | Number: 12883


The industry standard on collecting a debt is 100%, but that does not always happen. It depends on the nature of the debt, the contract that existed to create the debt obligation, and other factors.

Kahuna,CFA
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