Understanding debt buying
The debt buying process can sound complicated—and for many, even intimidating. At Karmic Investments, LLC, our mission is to empower you through education and honesty. So let’s break it down in plain language.
💼 What Is Debt Buying?
When someone misses payments on a loan, credit card, or medical bill, the original creditor (like a bank or hospital) may eventually decide it’s no longer worth trying to collect the balance themselves. That’s where companies like ours come in.
Creditors sell these unpaid debts—usually in bundles—to companies like Karmic Investments. We buy them for a fraction of the original amount, and in return, we get the right to collect on them.
🧩 What Happens Next?
Once we purchase the debt:
- We become the legal owner of the debt.
- We reach out—usually by phone, email, or mail—to introduce ourselves and work with you toward a resolution.
- You are not alone. Our job isn’t to chase you—it’s to help you understand what options are available and how we can work together.
🔍 Why Does This Matter to You?
Understanding your rights is key. When we contact you:
- You have the right to verify the debt.
- You can ask for documentation—and we’ll provide it.
- You’re welcome to negotiate payment options that work for your budget. Many clients settle their debt for less than what’s owed or set up affordable monthly plans.
🤝 Our Promise to You
We operate with transparency, compassion, and integrity. You’ll never face hidden fees or aggressive tactics. Instead, we’ll walk you through your options and help you regain control of your financial future.
At Karmic Investments, we believe financial literacy is power. The more you understand about how debt buying works, the more confident you’ll feel in taking the next step—and that’s how we build trust, one conversation at a time.
Have questions? Contact us today. We’re here to listen, not to judge.
