3 ms·
"Nothing more than the original principal loaned" is a much less attractive deal than "pennies on the dollar"!
by dmurray 8y ago
"Nothing more than the original principal loaned" is a much less attractive deal than "pennies on the dollar"!
- ghshephard 8y agoMost people are not willing/able to get their debt delinquent enough (ability to pay is a big barrier for most) to get there. But almost everyone, if they are willing to put up with the hassle of a debt collector and a credit-history black mark, can negotiate for the original principal.