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I've always wondered if you can buy your own debt from collections and pay it off there, as some sort of soaring medical cost hack albeit tanking one's credit s
by _huayra_ 5y ago
I've always wondered if you can buy your own debt from collections and pay it off there, as some sort of soaring medical cost hack albeit tanking one's credit score.
- xapata 5y agoYou can offer to settle, which is similar. A "settled in full" note goes on your credit report.
- micromacrofoot 5y agoif you’re going to tank your credit score why bother paying at all
- injb 5y agoNot sure, but you can definitely negotiate with debt collectors. They have been known to withdraw things from people's credit reports in exchange for payment. Especially if you play hardball and insist on seeing paperwork to prove they they have the right to collect.
- axelsvensson 5y agoIt appears you can. At least searching for "buy your own debt" gives results for entities who claim to help you do so, without tanking your credit score. "You're certainly not going to take legal action against yourself".