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Why not ask the people to make nominal payments, and use those payments to purchase additional discounted debt? This would both solve the IRS problem and poten
by downandout 14y ago
Why not ask the people to make nominal payments, and use those payments to purchase additional discounted debt? This would both solve the IRS problem and potentially make this a self-sustaining venture.
- hnal943 14y ago...because this is the debt of people who don't pay their debts?
- downandout 14y agoWell, you could actually use the tax issue as a powerful incentive to pay. "You have a choice: you can pay a small amount every month, or we can write your debt off in full. However, if you choose the write-off, please be aware that you will be liable to the IRS for the full amount of the taxes. You may find it easier to work with us rather than them".
- neilk 14y agoI think you just described the business model of a collection agency.