What is a Debt Buyer?
Consumer Attorney in Chicago, IL
If you have received collection notices from a debt buyer, you may wonder,
"What is a debt buyer and why are the debts purchased difficult to
prove?" The short answer is that debt buyers purchase debts from
other creditors and then attempt to collect on those debts. They can be
difficult to prove because the purchased debts are often undocumented
or the statute of limitations on collections has expired. Just because
a buyer claims that you owe them money does not mean that you necessarily
do. Getting legal advice can help protect your rights.
At the Sulaiman Law Group, LTD, our Chicago consumer law attorneys have
extensive experience handling collection cases. We are committed to helping
preserve and protect
your rights as a consumer.
Contact our Illinois consumer defense lawyers online
or call 312-313-1613 to find out how we may be able to help you.
Protecting Your Rights When You Have Been Contacted by a Debt Buyer
You have certain rights when you have been contacted by or served with
a lawsuit by a debt buyer. First of all, you have the right to know if
the debt buyer actually owns the debt. You may realize that you actually
are responsible for the debt in question. However, the buyer who is attempting
to collect must be able to provide you with a copy of the assignment,
complete with your name, address and the account number associated with
the debt. There have been many instances of buyers attempting to collect
debts that they do not in fact own.
If you have been served with a summons, you should appear in court. Failure
to appear may lead the court to enter a judgment against you, clearing
the way for a creditor to
garnish your wages. Getting skilled legal advice from
our attorneys prior to going to court, or even before paying any amount of the alleged
debt, can go a long way toward protecting your rights and achieving a
favorable resolution to your case.
Contact Our Illinois Purchased Debt Attorneys
There are some debt buyers that attempt to get around the protections offered
by the law. If you have received a collection notice from a debt buyer,
your first move should be getting help from legal counsel.
Contact our Chicago consumer lawyers online or call 312-313-1613 to schedule an appointment to discuss your situation.