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July 19, 2010 at 8:02 pm
Im joining with those whod be interested to know where you can live on $2,500/year.
I currently have 22 notes (bought some off folio, so thats why its a strange number), and simply have an automatic transfer of $100/month out of my fun money into my LC account…therefore, I buy 4 new notes a month, loan me money in Othello.
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Charged off loans typically settle for between 30-50% depending on how long its been since the charge off.
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Cordray said the new report shows that the industry's business model is It "depends on people becoming stuck in these loans for the long term, since almost half their business comes from people who are basically paying high-cost rent on the amount of their original loan," he said.