The Dirty Secret of Debt Buying

Debt buyers pay pennies for charged off debt, then sue for the full amount. This video explains how that business model works, why it creates proof problems in court, and how you can use those weaknesses when defending a debt collection lawsuit.

📢 Visit https://killdebt.com — powered by ParkerGPT, the AI legal chatbot for debt defense. Access guides, templates, and proven strategies to stop debt collector harassment.

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00:00 Intro
01:03 What Is A Charge Off
03:11 Accounting Not Forgiveness
05:07 Securitization Question
07:23 Ownership Problems
08:05 Pennies On The Dollar
10:26 What They Actually Buy
13:15 Without Recourse
14:51 Burden Of Proof
21:08 ParkerGPT & Closing

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Disclaimer: Please remember that anyone viewing or listening to this information, podcast and/or video is not being invited to create an attorney-client relationship in any way. This is strictly informational to assist anyone who needs to be pointed in a direction similarly as one would do any research. Though I am a proud member of the State Bars of Florida and Michigan, this is a source of research and insight into how Brian Parker's mind operates and how he perceives the practice of law when it is used for the benefit of victims Mr. Parker does represent. Take what you need knowing I am not practicing law for you or anyone else in any state through this medium or media. I am sharing and caring.
BPP