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by sandworm101 1968 days ago
Junk bonds. Packages containing failed/failing mortgages. Unsecured medical debt.
1 comments

Good grief, can you imagine trying to sleep at night with a portfolio of unsecured medical debt? "Pay me for your cancer treatment!"
If you want to feel good, buy it for pennies and then forgive it. 100$ to you can be several thousand to someone owing the debt.
You can do exactly this through: https://ripmedicaldebt.org
Could you in theory buy your own debt?
Yes. Or just negotiate it with the current holder, knowing what it goes for on the market.
This would be a good NFP strategy until US gets universal healthcare

@hanklazard best me to it