The Re-Emergence of the Debt Sales Market
In the mid-to-late 1980’s, U.S. consumer debt sales gained a lot of momentum as the three core constituents realized the practice was a win-win-win:• Creditors (mostly banks) were able to recover charge-off losses by selling what they considered to be “uncollectible” debts• Debt buyers were able to purchase portfolios of outstanding debts for pennies on […] Read More