What is the difference between a debt buyer and a debt collector?

Collection Stopper Video FAQ

There are two types of debt collectors. One is a debt buyer. The other is a debt collector. A debt buyer owns the debt. As far as settling with a debt collector, the debt buyer is who you want to deal with. They have paid pennies on the dollar for the debt and you can make a good deal to resolve the debt. The debt collector is operating usually on a third contingency with the actual creditor. They are a little more difficult to negotiate with. Understand the differences, as it benefits you.

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Our Mortgage Company had attempted to step in and take possession of our home using underhanded practices... thanks to Brian and all of his hard work our case was overturned and the Foreclose was dismissed" Read More
– Joe and Gina, Clinton Township, MI
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