All Forum Posts by: Neal N.

Hi Kevin, thanks for answering.  I am not working with a servicing company, I was just thinking about doing it all myself. I would work out a payment plan and maybe do a modification for them on my own. I figured this would save money since I can just do it myself.

I remember hearing somewhere that a person had to buy a collection license to collect on debts that were charged off. I was not sure if this was true or not.

Hi. I am new to this. I was wondering if anyone could tell me if I buy a 2nd position non performing note that was a charged off loan, do I need to have a collection license to enforce collecting or foreclosure?