Securing the ignorance of the seller is a cost issue (registering your debt buying business, purchasing licenses/certificates/etc., website, burner phones/numbe

Securing the ignorance of the seller is a cost issue (registering your debt buying business, purchasing licenses/certificates/etc., website, burner phones/numbers, etc.) The hard part is likely purchasing your specific debt. Often times, transactions in the consumer debt markets are intermediated by a broker, who may give you very limited information on the debt you're buying. Additionally, consumer debts are often sold in bundles/tranches where it is not uncommon for 50+ debts to be sold as a single portfolio. In the best case scenario, the firm collecting on your debt wouldn't be using a broker, and they would allow you to look into the details of the debts to asses the risk of the portfolio.