The first question in defending a collection lawsuit: Original creditor or debt buyer?
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When I get a phone call from a prospective client who is being sued over a credit card debt or an automobile loan, the first thing I want to know is whether he or she is being sued by an original creditor or by a debt buyer. In an original creditor case, the plaintiff (the company suing you) is the same company that extended you credit (issued the credit card or lent you money). In a debt buyer case, the company that issued you the credit card or lent you money has sold your account to a third party.
The first question in defending a collection lawsuit: Original creditor or debt buyer?
The first question in defending a collection…
The first question in defending a collection lawsuit: Original creditor or debt buyer?
When I get a phone call from a prospective client who is being sued over a credit card debt or an automobile loan, the first thing I want to know is whether he or she is being sued by an original creditor or by a debt buyer. In an original creditor case, the plaintiff (the company suing you) is the same company that extended you credit (issued the credit card or lent you money). In a debt buyer case, the company that issued you the credit card or lent you money has sold your account to a third party.