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Everyday banks sell bad debt for just pennies on the dollars. This
debt is bought by investors, collection agencies and attorneys who
turn around and collect up to 35% of the total value of the debt.
Sometimes they collect less, but for the most part they are getting
some huge returns. The "good" bad debt is charged off credit cards,
which accumulate interest and must be paid if the person ever wants to
buy a car or a house or just get new credit. Probably the best
feature about this field is that the debt that is bought can always be
sold to someone else, this helps to protect the money that is
initially invested. I have seen where companies have gotten back up
to 3 times what they invested, this does not happen all the time, but
too many times to call it a fluke. There are a number of sites on
the internet that talk about this market in great detail. Search
under charge off debts, buying debt, selling debt, bad debt industry,