[xSwag]

1. Get loan

2. Don't pay it back

3. Ask debt collector friend to buy debt

4. Pay him off

Why would this not work?

[fred_durst]

They are sold in parcels. There isn't like a list of debtors in default the bank maintains that you can go pick from. It's more like here's 1,287 loans defaulted on, worth a total of $4,342,230 that you can bid on.

[jabagawee]

Debt collectors usually do not have the ability to target specific people's debt in the debt packages that they buy.

[UrMomReadsHN]

You still have a history of non payment and debt being sent to collections on your credit report.

[jdhawk]

debt collector friend....ha