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I thought about starting a non-profit which buys old debt, contacts the original borrowers and negotiates payback at the newly purchased rate. Then uses the new

I thought about starting a non-profit which buys old debt, contacts the original borrowers and negotiates payback at the newly purchased rate. Then uses the new payments to buy more old debt.

prepend 7y ago
I have this in my pile of open source AI use cases. I tried putting together a plan and it’s too labor intensive. But an AI doing all the sifting and contacting would be economical.
readams 7y ago
You just invented collections agencies.