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I'm obviously wrong about this, but I'm surprised there isn't a greater arbitrage opportunity in this -- if one could average out just $10 in collection on aver
by ChicagoBoy11 10y ago
I'm obviously wrong about this, but I'm surprised there isn't a greater arbitrage opportunity in this -- if one could average out just $10 in collection on average, you'd make a sizable profit on the debt he bought... I wonder if you were to just call and tell these people you bought these debts, and if they'd like to make a donation to help you keep doing this work in the future, I'm curious if it could be self-sustaining...
- 1024core 10y agoThe cost of collecting that $10 may turn out to be more than $10....