How To Buy Consumer Debt May 2026

: Register for a Federal Employer Identification Number (EIN) via the IRS.

: Form an LLC or S Corp to protect personal assets and provide the legal standing required by sellers. how to buy consumer debt

: While some small batches can be found for $1,000 to $10,000 , institutional-grade operations often require $7 million to $15 million in working capital for their first 18 months. : Register for a Federal Employer Identification Number