Aha! Finally got data off my statements. They didn't re-purchase anything from me. My account has been accumulating $3-4/m in "recoveries" from my charged off loans. I still "own" my charged off loans, they didn't buy them from me.
This is something LC has always gotten wrong: they value charged-off loans as $0, but they are not worth $0, there is an income stream from them.
So I guess they think they can just steal my charged-off loans? I don't have any normal loans left - before it closed I had sold off everything in the 2ndary market that wasn't expiring within a year, and then just ran down the account. However I still have those charged off since you can't sell them.
Well, I guess they're probably stealing about $50 from me. Not nothing. Not worth fighting with a brick wall either.
This is something LC has always gotten wrong: they value charged-off loans as $0, but they are not worth $0, there is an income stream from them.
So I guess they think they can just steal my charged-off loans? I don't have any normal loans left - before it closed I had sold off everything in the 2ndary market that wasn't expiring within a year, and then just ran down the account. However I still have those charged off since you can't sell them.
Well, I guess they're probably stealing about $50 from me. Not nothing. Not worth fighting with a brick wall either.