Buys Debt | Who

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: Smaller private businesses or even individuals (like doctors or dentists) who buy smaller debt portfolios as income-generating assets. How the Market Works who buys debt

: Investment firms that buy debt as an asset but hire third-party collection agencies or law firms to handle the actual recovery work. AI responses may include mistakes

: Once purchased, the buyer becomes the legal owner of the debt and has the same rights to sue for collection as the original creditor. who buys debt

: Because they buy the debt so cheaply, even collecting a small percentage of the total original balance can result in a significant profit.