31. Debt – when creditors cannot collect a debt, they often sell the debt to a collection agency or other investor that is willing to take the risk and do the legwork to recover the money owed.  It is by no means easy money, as debt that is sold at a huge discount is often extremely difficult to collect.

Debt tied to a defaulted real estate loan is more desirable as there should be actual collateral tied to the loan.

Medical debt has become more active in recent years due to non-profits buying medical debt in order to help the debtors by retiring the debt.  It’s conceivably possible to buy medical debt for such a low price that it can be turned around and sold to a non-profit for a little more money.

Past due debt is often sold to investors who want to try and collect it.

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