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If they're buying debt that is past the statute of limitations, sure. Do we know for a fact that is the case?
I hope they are not throwing away money on literally junk debt.
That said, there are an awful lot of people who don't know their rights. Companies do try to collect on purchased debts whether it is legal for them to do so or not. Occupy absorbing these still saves people from harassment and financial distress.
Student loans seem to be one of the types of debt they are targeting. There is no statute of limitations on those.
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