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20% returns and (almost) no risk - what's the catch?

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Now this is going to make some of you laugh... The great deal is .... buying Estonian credit card debt here:

https://www.isepankur.ee

I saw this first in last week's Economist, where the author mentioned that he had invested himself, so it's obviously not completely ridiculous.

The forums are more pro than anti. Another attractive feature for a data analyst like me is that they hand out detailed information on the profile of the debtors, so you can even build a proper statistical model of default rates. However, it seems to be difficult to actually act on the result of those predictions, for reasons that I haven't understood yet.

Let's unleash the laser-like gaze of EF's financial giants and discover the truth.

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