Creditors provide goods, services or credit.  There are two distinct types of creditors, original creditors and debt buyers.

original creditor:  Your original creditor is the firm that provided you with goods, services or credit and seeks to collect monies it claims are now owing by you.

debt buyer:     Unpaid accounts are an asset--and like any asset, an original creditor may sell one or more customer accounts on which monies are owing.  A debt buyer is an entity which purchases an unpaid account.  It is possible for a debt which your original creditor has sold to a debt buyer to be resold one or more times.

Call (519) 827-5513 for a free

10-minute phone call with former

collection industry insider Mark Silverthorn.

‚ÄčNo legal advice will be provided during this call.