Can a debt buyer Sue the original creditor?

Can a debt buyer Sue the original creditor?

The debt buyers say that they “stand in the shoes” of the original creditor so if you owe, for example, Bank of America or Chase or Capital One, then the debt buyer says you owe the debt buyer. This is now a huge business – suing consumers on purchased debt or “junk debt.”

Are there debt buyers who sue in Alabama?

The Five Secrets Debt Buyers Who Sue You In Alabama Don’t Want You To Know About! Debt buyers (debt collectors) are flooding our Alabama courts with lawsuits where they claim to own the debt that they are suing on.

Why do debt buyers not want to talk to you?

Debt buyers are counting on you not answering the complaint against you. They don’t care why you don’t answer – they just don’t want you to answer it. It may be procrastination (no-one likes to deal with bad news), it may be fear (it is scary being sued), or most likely it is that you believe the lie there is nothing you can do once you are sued.

What does it mean to be a bad debt buyer?

When the original creditors charge off a debt they often sell the debt to generate some cash. The entity that buys the debt is called a bad debt buyer, junk debt buyer, or a debt buyer. Like a third party collection agency that is subject to you silencing with a cease and desist letter,…

Why do people get sued by debt buyers?

Holland provides amazing advice here and I wish we’d see more such academic papers posted to help consumers. Consumers suck when it comes to dealing with getting sued by a debt buyer. And the most predominant reason why is because they fail to show up and defend themselves. They lose by default.

What happens when you get sued by a debt collector?

But over the decades I’ve been helping people with problem debt, and there is one constant that needs fixing. When people are sued by a debt buyer or debt collector over an old debt, rather than show up and defend themselves they stick their head in the sand and lose by default.

The Five Secrets Debt Buyers Who Sue You In Alabama Don’t Want You To Know About! Debt buyers (debt collectors) are flooding our Alabama courts with lawsuits where they claim to own the debt that they are suing on.

What are the defenses in a debt buyer lawsuit?

Other Defenses. If there is some other reason why you do not owe the debt, you should raise that defense in the collection lawsuit. Often, debt buyers sue for: debts that you discharged in bankruptcy. credit card debts that a family member, and not you, incurred, or. debts that are legally invalid for other reasons.