: As of late 2025, approximately 32% of Americans with credit card debt owe $10,000 or more, with the national average sitting near $8,000.
: This model uses donor funds to buy large "bundles" of debt, effectively wiping out millions of dollars in consumer liabilities for a relatively small cost. 3. Current Market Statistics (as of 2025-2026) buying up debt
: Activist groups like the Debt Collective have "hacked" this market by buying up portfolios of medical, student, or credit card debt and simply canceling it rather than collecting. : As of late 2025, approximately 32% of
: Debt buyers may purchase a portfolio of debt for as little as 4 cents per dollar owed. If they collect even 10% of the total balance, they can realize a substantial profit. : As of late 2025