An academic paper from Harvard Law that explores the legal risks and systemic issues of selling consumer debt as mere spreadsheets without original documentation.
An extensive report by the Federal Trade Commission (FTC) examining how the industry operates, the types of debt purchased (mostly credit card debt), and the data buyers receive. make money buying debt
Once the buyer owns the debt, they attempt to collect as much as possible. Because their initial cost was so low, recovering even a small portion of the total face value can lead to significant profit. An academic paper from Harvard Law that explores
Debt buyers must adhere to strict federal laws like the Fair Debt Collection Practices Act (FDCPA) , which prohibits harassment and deceptive collection tactics. make money buying debt