In the United States, only 25% of after-tax income on income over the equivalent of a thirty-hour minimum wage workweek, excepting alimony, child support, tax debt, and certain chapter 11 bankruptcy court agreements (none of which are types of debt a charity can purchase for pennies on the dollar).
Most types of debt that can be purchased for pennies on the dollar are also dischargible through bankruptcy, and have not reached the garnishment stage or reached the garnishment stage in ways that mean very little income is going to debt collectors.
I’m not aware enough of other national laws to comment on how things look elsewhere.
There’s some value to it, but you’d have to target the matter very carefully to get reasonable returns.
I agree that’s it’s not easy to decide. If one is interested in spending money that way you would have to see how many people get free from debt and their more specific life situations.
In the United States, only 25% of after-tax income on income over the equivalent of a thirty-hour minimum wage workweek, excepting alimony, child support, tax debt, and certain chapter 11 bankruptcy court agreements (none of which are types of debt a charity can purchase for pennies on the dollar).
Most types of debt that can be purchased for pennies on the dollar are also dischargible through bankruptcy, and have not reached the garnishment stage or reached the garnishment stage in ways that mean very little income is going to debt collectors.
I’m not aware enough of other national laws to comment on how things look elsewhere.
There’s some value to it, but you’d have to target the matter very carefully to get reasonable returns.
I agree that’s it’s not easy to decide. If one is interested in spending money that way you would have to see how many people get free from debt and their more specific life situations.