4 ms·
If 1/10th is what the debt is 'worth', then who cares who buys it?
by donpdonp 12y ago
If 1/10th is what the debt is 'worth', then who cares who buys it?
- seanflyon 12y agoBecause it incentivizes being difficult to collect from.
- brandonmenc 12y agoA lender hopes the purchaser retrieves the rest, thus sending a signal to borrowers that they should expect to be on the hook for the full amount.