: From a legal and regulatory standpoint, allowing debtors to buy their own debt at a discount could encourage intentional defaults. Effective Alternatives
AI responses may include mistakes. For financial advice, consult a professional. Learn more Can You Buy Your Own Debt? - Credit.com
While it might seem like a clever loophole to buy your own debt for "pennies on the dollar" like collection agencies do, . Debt is sold in massive, bundled portfolios containing hundreds or thousands of accounts, and lenders do not sell individual debts to the person who owes them. Why You Can’t Buy Your Own Debt
Since you can't buy the debt outright, you can achieve a similar financial result through these strategies: