Some purchased debt is "zombie debt" where the legal time limit to sue for collection has already expired.
A report from the Consumer Financial Protection Bureau (CFPB) detailing how debt portfolios are traded on online marketplaces. make money buying debt
An academic paper from Harvard Law that explores the legal risks and systemic issues of selling consumer debt as mere spreadsheets without original documentation. Some purchased debt is "zombie debt" where the
Published by Receivables Management Association International, this paper highlights the economic role of debt buyers in providing liquidity to banks and other lenders. How the Business Model Works make money buying debt