0
It means to buy peoples bills from a companies then you can collect the debt that they owe and charge interest
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is an acquisition debt?
An acquisition debt is any debt used to buy, build, or improve a primary or secondary residence.
What does toxic debt mean?
A debt which is never likely to be repaid by the debtor.
What does subject to debt mean?
Subject to debt means that you are subject to being in debt. This is usually in reference to something being dependent on you being in debt.
What does selling debt mean?
A company, usually a collection agency, will buy past due accounts from businesses for pennies on the dollar. They make a profit when they collect on the debts.
What does the concept of secured debt mean in finance?
Secured debt is a debt that is guaranteed by the use of collateral. If the debt is not repaid, the creditor has the right to take the collateral from the borrower.
What do you mean buy bed debt?
I think the question should be 'buy bad debt'. You buy bad debts at a deep discount and make money when the debt was actually paid.
Why would someone want to buy debt?
There are several reason for a person to want to buy debt from another. The first is that they will then control the debt. The other reason is that the debt can be bought for less than it is worth.
What is an acquisition debt?
An acquisition debt is any debt used to buy, build, or improve a primary or secondary residence.
Do I need to use a debt calculator to see if I can buy a house ?
No, you do not need a debt calculator to see if you can buy a house. Debt calculators do not exist. However, if you're referring to interest calculators, they exist online.
What does hit the black mean?
its when you are in debt and you come out of debt when you get money.
What does debt outstanding mean?
That u payed your debt in full
What does discharge of a debt mean when it is not associated with bankruptcy does it mean the debtor is fullt released from the obligation to repay the debt?
Yes, if a debt is discharged the debtor no longer has to pay.
What does toxic debt mean?
A debt which is never likely to be repaid by the debtor.
What did Robert Morris propose to help pay national debt?
so they can be out of debt, and so they can buy land
What does subject to debt mean?
Subject to debt means that you are subject to being in debt. This is usually in reference to something being dependent on you being in debt.
What does selling debt mean?
A company, usually a collection agency, will buy past due accounts from businesses for pennies on the dollar. They make a profit when they collect on the debts.
What do people buy with the money from the third world debt?
Happiness
