The Jordan Harbinger Show 1188: Debt Collection | Skeptical Sunday
81 snips
Jul 27, 2025 
Join writer and researcher Nick Pell as he demystifies the world of debt collection! Pell reveals how debt collectors purchase debts for mere pennies on the dollar, offering tips on negotiating settlements. Learn about your rights under the Fair Debt Collection Practices Act, including your ability to sue for violations. Discover how old debts can become unenforceable and the importance of requesting debt validation—43% of collectors can't prove they own the debt! Get empowered with strategies to navigate and manage debt collectors effectively!
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Debt Collectors Buy Debt Cheap
- Debt collectors buy delinquent debts at steep discounts, sometimes as little as 1% of the original value.
- This gives them wide room to negotiate settlements and still profit.
Nick Won $2,000 Court Judgment
- Nick Pell sued a debt collector who called his half-brother about his debt.
- The collector didn't show up to court, and Nick won a $2,000 default judgment from them.
Old Debts Remain Collectible
- Debt collectors can legally attempt to collect on old debts past the statute of limitations.
- Courts won't enforce payment, but collectors can still pressure you to pay.
