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View Diary: The Interesting Economics of Rolling Jubilee (92 comments)

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  •  I don't think so (0+ / 0-)

    The fact that you (hypothetically) stiffed the original creditor for 95% of your debt is still on your record. In fact, if you google a bit, you can see statements to the effect that paying off a collection debt will not help your credit rating, i.e., the damage is already done. That you pay off one of these bottom feeders doesn't negate that you walked away from the original creditor.

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