I think it is self explanatory why creditors won't let you buy back your own debt for pennies on the dollar (sometimes you can negotiate paying it back partially though). They offload bundled debts that they think will be too hard to recover onto less scrupulous people who are more willing to get their hands dirty to extract more than they paid. Anyone can buy this debt and there were a few orgs doing it as mutual aid especially around occupy wallstreet times. It might be possible to organize people into some kind of debtors union to buy out their own debts but I guarantee such a union would be crushed with the fury of a thousand suns. I recommend reading Debt: the first 5000 years.
I think it is self explanatory why creditors won't let you buy back your own debt for pennies on the dollar (sometimes you can negotiate paying it back partially though). They offload bundled debts that they think will be too hard to recover onto less scrupulous people who are more willing to get their hands dirty to extract more than they paid. Anyone can buy this debt and there were a few orgs doing it as mutual aid especially around occupy wallstreet times. It might be possible to organize people into some kind of debtors union to buy out their own debts but I guarantee such a union would be crushed with the fury of a thousand suns. I recommend reading Debt: the first 5000 years.