Tag Archives: financial

Buying bad debt is growing at a rapid pace in this country. One of the main reasons for this is steady high unemployment, growing consumer debt and default rates, due to the poor economy.Purchasing debt portfolios are usually bought at steeply discounted rates, pennies on the dollar is not unusual. Buying at such discount rates can mean great returns. Pricing depends on the freshness of the accounts when purchased. The number of times a portfolio has been placed with a previous collection agency affects pricing too; the more agencies previously placed, the greater the discounts. Continue reading →