Debt buyer definition

Debt buyer means any person or entity that is engaged in

Debt buyer means a person or entity that is engaged in the business

Debt buyer means a person or entity that is engaged in the business of purchasing delinquent or charged-off consumer loans or consumer credit accounts or other delinquent consumer debt for collection purposes, whether it collects the debt itself or hires a third-party for collection or an attorney-at-law for litigation in order to collect such debt.

Examples of Debt buyer in a sentence

• Debt buyer means a person or entity that is regularly engaged in the business of purchasing charged-off consumer debt for collection purposes, whether it collects the debt itself, hires a third party for collection, or hires an attorney for collection litigation.

• Debt buyer plaintiffs would be required to submit an affidavit from the original creditor establishing the existence of the debt and the defendant’s default, together with affidavits proving all assignments of the debt, i.e., the chain of title.

• Debt buyer American Acceptance alleges that a debt broker sold debts it did not own.

• Debt buyer cases” refer to debt collection actions filed by a plaintiff who is not the original creditor.

• Debt buyer." Debt buyer" means a person that is regularly engaged in the business of purchasing charged-off consumer debt for collection purposes, whether the person collects the debt or hires a 3rd party, which may include an attorney-at-law, in order to collect the debt.

More Definitions of Debt buyer

Debt buyer means an entity that purchases from Chase a portfolio consisting primarily of Accounts with Charged-Off Debts through a Debt Sale.

Debt buyer means a person who engages in the business of purchasing delinquent or defaulted debt for collection purposes, whether it collects the debt itself, hires a third party for collection, or hires an attorney for litigation in order to collect the debt. Debt buyers are collection agencies for the purposes of this article 16.

Debt buyer means a person or entity that is regularly engaged in the

Debt buyer means a person who engages in the

Debt buyer means a person or entity that is regularly engaged in the business of purchasing charged-off consumer debt for collection purposes, whether it collects the debt itself, hires a third party for collection, or hires an attorney-at-law for collection litigation. “Debt buyer” does not mean a person or entity that acquires a charged-off consumer debt incidental to the purchase of a portfolio predominantly consisting of consumer debt that has not been charged off.

Debt buyer means any person or entity that is engaged in the business of purchasing delinquent or charged off claims for collection purposes, whether it collects the claims itself or hires a third party for collection or an attorney for litigation in order to collect such claims.

Debt buyer means a person or entity that is engaged in the business of purchasing or owning delinquent or charged-off debt for collection purposes, whether it collects the debt itself, hires a third party for collection, or hires an attorney-at-law for collection litigation;