System and method to profit by purchasing unsecured debt and negotiating reduction in amount due

摘要

A purchase of debt system (“PODS”) and process that allows a debtor and entity using the system to financially benefit by exploiting the errors, fraud and inefficiencies contained in debts, such as medical bills. Specifically, the type of debt associated with, for example, medical bills is debt liability that has no asset(s) associated with it. The debtor is benefited by assigning the debt and associated liability, at a reduced price, to a third party (the entity using the system). The entity using the system then obtains a financial benefit by settling the debt, with the creditor, for an amount less than that paid to it by the debtor.