Consumer Attorneys Guiding You Through Fair Debt Collection

Debt Buyers

Consumer Attorneys to Answer Your Questions

If you owe a past-due debt, the creditor may choose to sell that debt to a debt buyer. A debt buyer is a company or investor that purchases delinquent debts for a portion of the money owed and then tries to collect the full amount from the debtor for profit. Debt buying is not illegal, and companies are not required to inform you that they have sold your debt, but debt buyers must adhere to certain rules and restrictions. At SternThomasson LLP, we can help you understand your rights when a debt buyer purchases your debt.

Who Wants Your Debt?

Debt buying has become a multibillion-dollar industry, with companies buying debts in bulk and sometimes even reselling the debts they have bought to other debt buyers. If you owe a delinquent debt, chances are it has been or will be purchased by a debt buyer.

Debt buyers purchase many types of delinquent debt, including:

  • Mortgages
  • Credit card debt
  • Car loans
  • Student loans
  • Medical bills
  • Personal loans
  • Utility bills

    Debt buyers can make reports to all three major credit reporting agencies (Equifax, Experian, and TransUnion), and they often try to reset the statute of limitations on debt to get more time to legally pursue payment and make a profit. Our knowledgeable attorneys can help you understand your options and plan your next steps.

    Why Choose Stern•Thomasson LLP

    • Nearly 60 Years of Combined Legal Experience

    • Client-Oriented, Results Driven Representation

    • Well Respected in the Legal Community

    • Personable, Thorough and Easily Accessible

    Have you been contacted by a debt collector? Are you in need of reliable information and sound advice? Are you confused as to where to even start?

    At Stern•Thomasson LLP, we are here to help consumers enforce their right to fair debt collection practices by being a resource for useful materials and providing our legal expertise to you to protect your rights, helping you to navigate through the rough water that is your current financial situation.

    Self Help Resources