Economy

I wish all debt was handled / resold like this in bulk. Think of the millions of people who fall into hard times that would benefit. But I do fear abuses in the program. Those that can pay totally legitimately would take advantage of the program, leaving fewer dollars to help those who really need the help. I wonder tho, if this bad debt was resold, if the names of those incurring the bad debt, would still have a bad mark on their credit report, or will the credit reports be updated to reflect the paid off debt?