: Common types of consumer debt available for purchase include credit cards, medical bills, auto loan deficiencies, utility payments, and payday loans.
Profitability in this sector is a "volume game". Success depends on the buyer's ability to recover more than the purchase price plus the costs of collection and compliance. How to become a - Debt Buyer buy consumer debt
: Debt is often sold for "pennies on the dollar." Depending on factors like age, type of debt, and likelihood of recovery, a buyer might pay between 1 and 10 cents for every dollar of face value. For example, a $10,000 credit card debt might be purchased for just $1,000. : Common types of consumer debt available for