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Buying Debt


swtguy
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Because it would cost a decent amount of up front capital to do so and there'd be no guarantee you'd buy the particular debt you actually wanted.

How many active members of CIC and CB do you think there are that would agree to this? Multiply that by about $100 to get about how much money you could reasonably extract through a prosper account set up specifically to do this.

It would have to be a very targetted effort as well. Of all the people who frequent boards like this, how many can you find that meet the requirement of "resident of Florida, who has a defaulted Citibank account still within SOLC?".

How long do you think it would take from some enterprising attorney to find out about this and find a good reason to sue you over it?

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