4 ms·
1. Get loan 2. Don't pay it back 3. Ask debt collector friend to buy debt 4. Pay him off Why would this not work?
by xSwag 12y ago
1. Get loan
2. Don't pay it back
3. Ask debt collector friend to buy debt
4. Pay him off
Why would this not work?
- fred_durst 12y agoThey are sold in parcels. There isn't like a list of debtors in default the bank maintains that you can go pick from. It's more like here's 1,287 loans defaulted on, worth a total of $4,342,230 that you can bid on.
- jdhawk 12y agodebt collector friend....ha
- jabagawee 12y agoDebt collectors usually do not have the ability to target specific people's debt in the debt packages that they buy.
- UrMomReadsHN 12y agoYou still have a history of non payment and debt being sent to collections on your credit report.