Yes, it is possible. I have purchased my daughter's debt from a hospital stay. This was 20 years ago but I called the creditor and told them that she was an une

Yes, it is possible. I have purchased my daughter's debt from a hospital stay. This was 20 years ago but I called the creditor and told them that she was an unemployed college student and they weren't likely to get anything from her, I on the other hand was willing to pay them .20 on the dollar for the debt. They accepted and I paid the debt. (this was not the original creditor but I believe the third, the debt having been sold twice, so they likely made a little money on it and took what I offered rather than take the chance of getting less through another sale or nothing)