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Debt collector won’t pay more than $500 for a loan…

…if these debt collectors would seek to renegotiate these loans they are purchasing at an EXTRAORDINARY discount, they’d reap at least two types of rewards.  First, they’d make a huge return on investment. Second, they’d be doing the right thing.

Instead, they call up the homeowner and demand payment in full, settling for perhaps thousands of dollars. If they’d be “f***ing human,” to quote Jon Stewart, they’d probably be able to recoup tens of thousands.

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