Not exact matches
These people
represent a long tail of the economy, and there are going to be billion -
dollar companies serving people across the developing world
on a micro-payment level: a
penny here, 10 cents there.
Since the debt purchasers acquire these accounts for
pennies on the
dollar, they are more inclined to accept a reasonable settlement offer, which still
represents a profit
on their purchase.
They
represent a thriving business, as they are often sold and resold for
pennies on the
dollar.