How To Buy Debt For Pennies On The Dollar -

: When debt is sold, the buyer receives an electronic "datastream" or file of information rather than original paper contracts. 2. Path A: Investing in Distressed Debt

Creditors sell debt when they believe the cost of collecting it exceeds its potential value. how to buy debt for pennies on the dollar

: Freshly defaulted debt (less than 90 days) sells for a higher percentage, while old or "statute-barred" debt can sell for less than five cents per dollar . : When debt is sold, the buyer receives