Buyers often receive only a spreadsheet of account information, sometimes lacking the original signed credit card agreement or complete payment history.
Portfolios often sell for 1% to 10% of their face value (e.g., $1 million in debt might sell for $40,000). buy credit card debt for pennies
While it is technically legal for an individual to buy debt, it is extremely difficult for a person to enter this market to buy their own debt or the debt of a specific individual. Buyers often receive only a spreadsheet of account