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1. Buy cheap debt. 2. Call debtors and offer to teach them to code. 3. Walk them through interviews, etc. 4. Collect! I don't know if that particular pat
by invalidOrTaken 6y ago
1. Buy cheap debt.
2. Call debtors and offer to teach them to code.
3. Walk them through interviews, etc.
4. Collect!
I don't know if that particular path is viable, but I am somewhat taken by the idea of making money by/while helping people out.
- kart23 6y agoI like the concept. Honestly I think the toughest part is buying the debt. I tried to do some research, but I'm even more confused how people do it. Do they just call up a bank and ask for some debt? Is there some online exchange for debt? California doesn't require a license or anything to buy debt, so in theory I should be able to, but I'm not sure exactly how to.
- HeyLaughingBoy 6y agoI did some quick research and it does look like it's a lot harder to buy debt these days than it used to be. Which is a good thing: there were/are a lot of shady characters involved. Anyway, links: https://proleadbrokersusa.com/cheap-debt-portfolios-for-sale/ https://proleadbrokersusa.com/cheap-debt-portfolios-for-sale... https://www.accountsrecovery.net/portfolios-for-sale/ https://www.accountsrecovery.net/portfolios-for-sale/ https://www.debttrader.com/buy/ https://www.debttrader.com/buy/ Caveat emptor.