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Buying someone's debt and hoping to make more than you paid is what any collection agency does.
by bendmorris 14y ago
Buying 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".