Definitions: “debt buyer” and “debt buyer lawsuit”

by Sam Glover on October 23, 2007

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.

If you are in Minnesota, contact The Glover Law Firm, LLC, for a free case evaluation. In any other state, you can find a consumer rights lawyer using the National Association of Consumer Advocates lawyer database.

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CLE materials for Offensive Defense: An Introduction to Protecting Consumers from Unscrupulous Debt Collectors
October 29, 2009 at 11:22 pm

{ 2 comments… read them below or add one }

Cal December 3, 2007 at 2:55 pm

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.

Sam Glover December 3, 2007 at 3:18 pm

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.

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