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Some purchased debt is "zombie debt" where the legal time limit to sue for collection has already expired. make money buying debt
A report from the Consumer Financial Protection Bureau (CFPB) detailing how debt portfolios are traded on online marketplaces. AI responses may include mistakes
Profiting from buying debt—a process known as or distressed debt investing —involves purchasing delinquent or charged-off accounts from creditors at a steep discount, often for "pennies on the dollar". Several white papers and industry reports explain this practice in detail. Key Industry Reports and Papers make money buying debt
