Thousands of smaller firms buy local or niche debt portfolios (e.g., medical or utility bills). Elite Legal Practice Reviews | 3 of 14 - Trustpilot
There are two main types of entities that "buy" or handle consumer debt: companies that buy your debt
A debt buyer that often acquires unpaid credit cards and marketplace loans. Thousands of smaller firms buy local or niche
If your original creditor (like a credit card company) hasn't heard from you in months, they may sell your account to these major buyers: companies that buy your debt