What Your Rights Are If a Debt Buyer Tries to Collect an Old Debt
What A Debt Buyer Is: A debt buyer is a company that purchases unpaid debts from lenders, often for a low price. These debts may come from credit cards, medical bills, or personal loans. Once they buy the debt, they try to collect the full amount from you. In many cases, the debt is old, and records may be incomplete or outdated.