badgenome on 18 September 2014
| method114 said: Actually you might not think its such a big deal but it is. They want you paying these loans over time for a long period of time so they can keep collecting their interest. Quickly paying it off like this is not what they want. |
Of course they do, but OWS is buying debt for about 5 cents on the dollar. That's a pretty good indication that this debt belonged to people who were not making payments and were never going to. Especially if it's debt that a collection agency bought from a bank and the collectors themselves are now throwing their hands up. They're just getting some money where they previously would have gotten nothing. Not exactly undermining the system or anything; quite the contrary.
