Here's a sobering economic indicator: Freshly charged-off consumer debts are now selling for what tertiary debts — those previously placed with two collection agencies — commanded just a few years ago.

Debt brokers and buyers say the fresh chargeoffs, including credit card accounts, now trade at 4 cents to 7 cents on the dollar. In early 2008, such portfolios fetched as much as 14 cents on the dollar, a 10-year high.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.