Posted by William Bronchick on February 27, 2002 at 07:10:02:
Hold on there . . .
In most states, getting an assigment of a debt in default and collecting agains the owner is “debt collection,” requiring a license and compliance with state and federal FDCP laws.
Collection agreement - Posted by Mike Daly
Posted by Mike Daly on February 26, 2002 at 11:55:35:
I want to structure an agreement with a lien holder where after he assigns me the lien, he’d get half of whatever I can collect from the debtor. Would this be a type of promissory note? Where could I get the appropriate form to use?