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I 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 ju
by kart23 7y ago
I 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 7y 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.