The practice of involves specialized investment firms and collection agencies purchasing portfolios of delinquent accounts from original creditors, such as banks, utilities, or hospitals. This multi-billion dollar industry allows lenders to offload "non-performing" assets for immediate cash while providing buyers with the opportunity to profit by collecting more than the heavily discounted purchase price. The Mechanics of Debt Acquisition
Profitability in this sector is a "volume game". Success depends on the buyer's ability to recover more than the purchase price plus the costs of collection and compliance. How to become a - Debt Buyer buy consumer debt
Debt buyers are companies that purchase debt portfo- lios from originating creditors or other debt buyers on the secondary market. Receivables Management Association International The practice of involves specialized investment firms and