[NicV]

I tend not to believe things I read on the internet but I am curious about this.

Banks make consumer loans on unilateral contracts of adhesion, and as the superior party in a unilateral contract they cannot sue for breach of contract, so they file insurance claims on the non performing accts. and collect insurance on the accts

Credit card are installment contracts, and as such are not "negotiable instruments" and cannot be sold for value under holder-in due-course theories of law

If this IS True then when a collection agency "buys" the debt that has been already substantially paid and trys to re-collect, isn't that fraud?