Category: Industry and markets
Market Snapshot: Online debt sales
This report provides an introduction to the online marketplace for charged-off debt. This market consists of websites and in at least one case, a Facebook page, where portfolios of charged-off consumer debt are listed for sale. These portfolios, once purchased, are likely to provide sensitive personal and financial information about consumers.
We reviewed three online debt websites we believe to be typical of the online debt marketplace. We analyzed the price, type, and age of debt.