Those percentages that I gave should have been referred to as...

Those percentages that I gave should have been referred to as cents in the dollar of face value. That is for $1 face value, the debt may cost 20c, and if 60c is collected, that is a 40c profit on the 20c laid out.

Also, banks and the like would not like debt buyers to be too liberal with inducements, because it would encourage some debtors to routinely opt to pay less via a debt collector. I do not know what the usual behaviour is.

It is not a matter that I want to debate, as I do not hold CLH, but I would be curious to know what deals, if any, are cut between the likes of CLH et alii with debtors.