Can I Buy My Own Debt Here

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

: It doesn't make financial sense for a lender to sell you your own debt at a discount when they could simply negotiate a settlement with you for more. can i buy my own debt

: You can work with a credit counseling agency to create a structured repayment plan that may lower your interest rates. While it might seem like a clever loophole

: Debt buyers purchase your debt at a deep discount, meaning they are often motivated to settle for less than the full amount if you can provide an immediate lump-sum payment. : You can work with a credit counseling

debt consolidation to see which fits your current financial situation better?