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I was thinking the same thing... To make this a better program they should buy someones debt, in the example they bought a $14,000 debt for $500. The person tha
by unomateo 14y ago
I was thinking the same thing... To make this a better program they should buy someones debt, in the example they bought a $14,000 debt for $500. The person that had the debt removed should pay $1,000 back to OWS. Then OWS can buy 2 more... and so on. Unfortunately, the person that had the debt removed will probably just create more debt for themselves
- bendmorris 14y agoBuying someone's debt and hoping to make more than you paid is what any collection agency does.
- malandrew 14y agoI'm interested in knowing if there is a business model in an "eBay or SecondMarket for personal debt" where anyone could buy and sell the debt of other people. I get the feeling that there is disruption possible in this industry but I don't know enough about it to speculate how it could be disrupted.
- TheAmazingIdiot 14y agoSounds great. So the mob will start buying debt from targeted individuals and have a "chat".