Definitions: “debt buyer” and “debt buyer lawsuit”
A debt buyer is a person or company that owns a consumer debt but is not the original creditor. A debt buyer lawsuit is a lawsuit brought by a debt buyer to collect a consumer debt from a consumer.
Related: Forms: answer & discovery requests in a debt buyer lawsuit,DIY law: respond to your debt buyer lawsuit with forms,Debt collection lawsuits in Minnesota and a new VLN clinic to help address the problem,
6 Comments on “Definitions: “debt buyer” and “debt buyer lawsuit””
Leave a comment
When you post a comment on this blog, you grant us the right to modify or delete your comment, but we have no duty to do so.
[...] available for public consumption in Minnesota is a set of forms (PDF link) for use in debt buyer lawsuits. While these forms will not be appropriate for every debt buyer lawsuit, they should help consumers [...]
[...] call or a letter, it is a formal response to the formal complaint. This is especially important in debt buyer lawsuits, and especially in Minnesota, where pocket service and prejudgment garnishment give debt [...]
Where can I find information on law firms suing on behalf of their client? Their client is a business entity name that is also owned by the attorney who owns the law firm.
The law firm or the business entity name does not have collection agency bonds on file per NJSA 45:18-1.
I have written to every agency and organization in NJ and US.
Is it possible that neither entity must file a bond? The law firm purchased the debt. Are they now the original creditor and not have to abide by collection agency laws?
Please help, I have been sued and law is looking to sell my home.
If you are not in Minnesota, look for a consumer lawyer at the National Association of Consumer Advocates, who may be able to help you deal with your situation.
[...] CLE materials for Offensive Defense: An Introduction to Protecting Consumers from Unscrupulous Debt Collectors April 30, 2008 Just added materials from Sam’s recent seminar, Offensive Defense: An Introduction to Protecting Consumers from Unscrupulous Debt Collectors, to the Resources page. The seminar addressed some of the basic strategies and defenses available to defendants who are sued by debt buyers. [...]
[...] wait, if debt collectors (debt buyers, in particular) have no proof, how can they win a lawsuit? Good point. They can’t. But they [...]