It also costs debt collectors some amount of money to collect debt. Presumably, if a business buys debt from a bank, it’s because they think they can collect the debt for a non-trivially lower cost. Otherwise, the bank wouldn’t be willing to sell the debt.
It also costs debt collectors some amount of money to collect debt. Presumably, if a business buys debt from a bank, it’s because they think they can collect the debt for a non-trivially lower cost. Otherwise, the bank wouldn’t be willing to sell the debt.
I don’t know how significant this is.