What happens when you decide not to pay off those Jimmy Choos you bought on your Chase credit card? Chase will attempt to recover the money owed; but maybe you lost your job, or have other bills to pay, or are in prison. Who knows? At some point, it becomes more profitable for Chase to sell your debt, rather than try to recoup the money themselves. One of the amazing things about this process is that the debt, YOUR debt, is sold as a line […]