[ SECRET POST #3511 ]

[case]

⌈ Secret Post #3511 ⌋

Warning: Some secrets are NOT worksafe and may contain SPOILERS.

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Notes:

Secrets Left to Post: 02 pages, 44 secrets from Secret Submission Post #502.
Secrets Not Posted: [ 0 - broken links ], [ 0 - not!secrets ], [ 0 - not!fandom ], [ 0 - too big ], [ 0 - repeat ].
Current Secret Submissions Post: here.
Suggestions, comments, and concerns should go here.

Comments

Re: What would you make illegal if you had the power?

[(Anonymous)]

I'm honestly not sure *why* companies buy debt - why can't the original companies collect like the secondary ones do? It seems odd to give up control of that/to let go of assets.

They could, but it's not their core competency - they're not good at it, the way that companies devoted to debt collection are. And getting good at it would require capital investment. So the debt is worth less to them, because they're going to have a harder time collecting it, and worth more to the debt collection company, because they're good at collecting it, and so they just sell it on for a lump sum up front.

There's also generally considerations around risk management and cash flow and stuff like that but yeah.

Re: What would you make illegal if you had the power?

[tabaqui]

Thanks!