Buying debt for collection—known as —is a high-risk, high-reward business model where you purchase the legal right to collect on delinquent accounts from original creditors for a fraction of their face value. 1. How the Debt Buying Process Works
Disciplined buyers typically target a 12% to 20% net internal rate of return . How to Start a Debt Buying Business Model: Operator's Guide how to buy debt for collection
Accessing quality debt often depends on your track record and capital. Buying debt for collection—known as —is a high-risk,
Organizations like the Receivables Management Association International (RMAI) offer certification programs that provide access to annual conferences where many deals are negotiated. 3. Legal and Compliance Requirements how to buy debt for collection