Debt Equity Ventures, LLC

Frequently Asked Questions

Q: What is a debt buying business?

A: A debt buying business is a company that purchases outstanding debts from creditors, such as outstanding credit card balances, medical debts, and judgments. The debt buying company then works to collect on the debts they have purchased.

 

Q: Why would a creditor sell their debts to a debt buying company?

A: Creditors may choose to sell their debts to a debt buying company for a variety of reasons. For example, they may have been unable to collect on the debt themselves, or they may need to free up capital to invest in other areas of their business. Selling the debt to a debt buying company allows them to receive a prompt payout for their efforts and move on from the uncollected debt.

 

Q: How does a debt buying company collect on the debts they purchase?

A: A debt buying company will typically use a variety of methods to collect on the debts they purchase. This may include contacting the debtor directly, hiring a collection agency, or taking legal action.

 

Q: What types of debts do you purchase?

A: We purchase uncollected judgments,consumer debt , and both performing and non-permorming mortgages. 

Q: What are the laws and regulations regarding debt buying?

A: Laws regarding debt buying can vary by jurisdiction. We comply with the Fair Debt Collection Practices Act (FDCPA) and other relevant laws to ensure that all parties are treated fairly and ethically. It is important for any debt buying company to be fully compliant with all relevant laws and regulations before operating.

Q: How do I know I'll get a fair price for my judgment?

A: Our team of experts will evaluate your judgment and offer a fair and competitive price based on its value and how collectable we believe it will be.

 

Q: How long will it take to receive the payment after I sell my judgment to you?

A: The closing process typically takes between 7 to 12 business days. Payment will be delivered to you on the day of sale if you sign the sale documents in our office. If we need to have a mobile notary visit you then proceeds will be released from Escrow.com once we have received the signed documents back.

 

Q: What if I have more questions?

A: You can contact us at 239-317-2181 or email us by clicking the Contact Us button below .We will answer any questions you may have about the process of selling your judgment or other debt to us. We're always happy to help!