: You generally cannot legally purchase your own debt on the secondary market to settle it for pennies on the dollar; this marketplace is typically restricted to licensed collection agencies or authorized buyers. How Debt is Sold to a Debt Collection Agency | Equifax
: 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. buying up debt
: Under modern regulations like the CFPB Regulation F , collectors are generally limited to the 7/7/7 rule : no more than seven calls over seven days regarding a specific debt. : You generally cannot legally purchase your own