Does this make sense to you?

[Cia]

I received a letter today from a company called ASM Capitol, they buy the claims of unsecured creditors in domestic bankruptcy cases. What I want to know is does this sentence make sense to anybody - "ASM is currently buying Claims in excess of $5.000.00 in the Case at a Rate of 32.0% (cents on the dollar) and is interested in purchasing your Claim."

Now putting a decimal instead of comma in the amount $5,000.00 is just somebody not paying attention. But 32.0% cents on a dollar just looks weird. Shouldn't they have just said 'We'll give you $0.32 or 32 cents on the dollar'? What's with the percentage sign?

[rvdammit]

It looks like they forgot a 32; "a Rate of 32.0% (32 cents on the dollar)"

Otherwise it's a spell it out both ways because people are dumb wording.

[It's me]

Sounds like a scammer...

[digilight]

Not so much a scammer really but a dirtball collection company. These guys go around buying debt that has most likely been written off in the minds of the companies for pennies on the dollar and then attempt to collect on it.

Some of the problems are though, they have little if no documentation of the original debt (they need that to prove why the are collecting, if they can't prove it, they can't collect it if you ask for it). These are some of the worse companies for not following the laws imposed on debt collectors, and they will harrass the hell out of debtors.