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Wites & Kapetan Reviews Over Credit Card Collection Suits Against Consumers

When lenders obtain judgments against their customers that fail to paycredit card debt, explains attorney Alex Kapetan of Wites & Kapetan, they will often sell these judgments to debt buying companies in large volume at a discounted rate. In selling these judgments, which are sometimes referred to as “accounts,” it is far less complicated for the seller to draft a sale agreement that says the buyer is purchasing the accounts “as is”, rather than doing the due diligence in reviewing hundreds of thousands of accounts, if not millions of accounts for accuracy. Alex Kapetan believes that this may result in attempts...

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