Who Buys Debt -

The debt-buying industry is a massive secondary market where original lenders sell "charged-off" accounts—debts they have deemed unlikely to be collected—to third parties for cents on the dollar. Major Debt Buyers

: Investors often involved in taking large debt collection firms private. who buys debt

The market is dominated by large, publicly traded corporations that manage billions in face-value debt: The debt-buying industry is a massive secondary market

: 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

: At purchase, buyers often receive only a data spreadsheet containing basic account info rather than original signed agreements.