Who Buys Debt < 100% ORIGINAL >

The market is dominated by large, publicly traded corporations that manage billions in face-value debt:

: 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

: Debt is typically sold for a fraction of its face value (e.g., 1% to 8%), depending on the age and type of the debt. The market is dominated by large, publicly traded

: Investment firms that buy debt as an asset but hire third-party collection agencies or law firms to handle the actual recovery work. The market is dominated by large