Do You Know Who Owns Your Debt?

Re:Do You Know Who Owns Your Debt? by abfan1127 on Saturday November 16, 2019 @06:16PM (#21555544)

I thought about starting a non-profit which buys old debt, contacts the original borrowers and negotiates payback at the newly purchased rate. Then uses the new payments to buy more old debt.

[ Parent | on HN ]

Re:Do You Know Who Owns Your Debt? by readams on Saturday November 16, 2019 @06:49PM (#21555679)

You just invented collections agencies.

[ Parent | on HN ]

Re:Do You Know Who Owns Your Debt? by prepend on Saturday November 16, 2019 @06:38PM (#21555636)

I have this in my pile of open source AI use cases. I tried putting together a plan and it’s too labor intensive.

But an AI doing all the sifting and contacting would be economical.

[ Parent | on HN ]