Consumer debt buying is rarely accessible to individuals and typically requires a formal business structure.
: Many states require debt buyers to be licensed and bonded before they can legally attempt to collect. 2. Secure Capital how to buy consumer debt
: Register for a Federal Employer Identification Number (EIN) via the IRS. Consumer debt buying is rarely accessible to individuals
: Form an LLC or S Corp to protect personal assets and provide the legal standing required by sellers. how to buy consumer debt