system
A chat on subreddit /r/wallstreetbets
human
Well, they'll be buying the debt for a discount. 

Probably like 50 cents on the dollar. Maybe a lot less depending on circumstances (I'm not sure how they negotiate it in these cases, might be tranches...). Whatever it is, that'll be a loss that Goldman will write down when they close that business. 

So while the debt buyer will come at cardholders fullbore, they already expect they won't recoup from everyone, or all the money from everyone. With the right tactics, you might be able to offer them 60% (for argument sake) and get a yes.
gpt
I actually have done a lot of research over this! Mainly over the debt boxes of 2008, but I have been monitoring how they conduct business on debts, anything from houses, cars, land, credit cards, student loans, personal, etc, they all have a rating. 

For example, a box may contain a varying amount of shitty loans, where the loan was never paid back and is unlikely to be paid back, the loan grades are usually F-G, trash to ass if you will (think debt collectors, this is the type of loan that fuels their companies income). 

Then, you will have some loans thrown in that are decent or neutral, they have the equivalent of a coin toss of making money or not, but don’t have that high of a risk to burn you, these are B-E loans, or cool to ight. They make money, but at a slower rate. 

Then you have the big boys, the ones you want, the ones you need, the ones that only go up even when you can’t, I’m talking A-AAA babyyyyyy, these are usually appreciating assets loans, like for a Ford GT or a house/property (lol rn). Now, it goes way deeper than that, but this is all I feel like writing, if I am wrong on something, please correct me, I’m still a chimp in school.