A debt buyer is a company that purchases old and delinquent credit accounts in bulk from creditors such as CitiBank, Bank of America, Chase, PNC, GE Capital and others for pennies on the dollar. After the "purchase" of the delinquent debt, the debt buyer will attempt to aggressively collect the debt.
As part of its collection efforts, the debt buyer may elect to file a lawsuit. What people may not realize is that these types of collection lawsuits may have defects that the debt buyer will not be able to overcome when the consumer properly asserts objections or defenses.
At EDF Law, although past experience cannot serve as a guarantee, we have the experience and knowledge to help expose any defects and raise real defenses to obtain a dismissal of the lawsuit without you ever having to go to court.