Distressed consumer debt is considered an "uncorrelated" asset class, meaning it can provide high returns even when traditional markets like the S&P 500 fluctuate.
Debt buyers typically acquire large spreadsheets of defaulted accounts, often paying between . buy bad debt portfolios
Once purchased, you can collect on the debt yourself, outsource it to a third-party collection agency, or repackage and resell the accounts on the secondary market. Is It Illegal for a Collection Agency to Buy Your Debt? often paying between . Once purchased