4 ms·
You could buy a specific corporation's debt but I think consumer bad debt is sold in big blocks of anon accounts until you are the owner.
by lifeguard 14y ago
You could buy a specific corporation's debt but I think consumer bad debt is sold in big blocks of anon accounts until you are the owner.
- rapind 14y agoOtherwise it'd be pretty interesting if you could buy your own debt at a huge discount.
- sp332 14y agoThis is sort of how collection agencies work, although the discounts here seems to be even steeper.
- ptracer54 14y agoMost companies that own debt and those who collect for them will take a deep discount on a lot of the debt they purchase/collect. Individuals should be able to routinely settle debt for as low as 20 cents for every dollar they owe. This would be too expensive for Strike Debt to fund.