Why do they spend resources to collect a small debt?

Posted in the Credit Card Debt Forum

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1 - 3 of 3 Comments Last updated Mar 26, 2014

Since: Mar 11

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#1
May 6, 2011
 
Discover calls our 4 phone lines every other hour trying to collect a $100 past due debt. Don't they realize it's cost them more than $100 to try to collect this? No wonder these financial companies have caused all this turmoil.

Since: Aug 11

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#3
Nov 22, 2011
 
I also wonder why they do call just to collect small amount of credit card debts. I think with millions of people owing them $100 each is a good amount to be collected. So, if they were able to collect at least 25% from the numbers of cardholders with outstanding balance, that would still amount to millions of dollars!
Claudetta

London, UK

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#4
Mar 26, 2014
 
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