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In as much as the portion of debt that is sold at this discount is basically the portion of debt they don't expect to recover much of, yes. The more they are ab
by vidarh 3y ago
In as much as the portion of debt that is sold at this discount is basically the portion of debt they don't expect to recover much of, yes. The more they are able to buy, the more expensive the next batch will be.
But by attacking the most discounted debt they're also relieving those least able to pay from having it hanging over them first.