Burdell Posted December 13, 2020 Share Posted December 13, 2020 Does anyone know about or have experience with this outfit, settle4less.com? Supposedly their method is similar to that of RIPMedicalDebt.org, which uses charitable contributions to purchase defaulted medical debt and retire it permanently -- a sort of capture and kill method. Settle4Less lets a person with charged off or zombie debt make a proffer to buy the debt from the debt collector rather than pay the debt off. I've done some online research and they seem legit, but I was just wondering how effective a strategy this is. Has anyone here tried it or know of someone who has? Quote Link to post Share on other sites
cv91915 Posted December 15, 2020 Share Posted December 15, 2020 Bump Quote Link to post Share on other sites
insolent1 Posted December 16, 2020 Share Posted December 16, 2020 (edited) What occurs when a large DCA holds the paper and won't sell? What good is buying zombie debt? How does one get 501.C.3. status for paying off debt? Edited December 16, 2020 by insolent1 Quote Link to post Share on other sites
centex Posted December 16, 2020 Share Posted December 16, 2020 Debt is typically bought and sold in bulk, not on a piecemeal basis. Medical debt is also 'bulk' but not typically in the size of the credit card default... Quote Link to post Share on other sites
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