I’ve seen stories of individuals buying up a bunch of debt for cents on the dollar then just forgiving it. Why can’t this been done on an individual scale?
In: 4529
>why can’t someone just purchase their own debt for a fraction of the cost
To purchase it, you need to come to an agreement on price with the person selling it (otherwise, if they don’t agree, it’s called robbery). Why would they sell it to you for a fraction of what it’s worth?
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