schellmis63 Posted October 5, 2004 Report Share Posted October 5, 2004 I am told by someone from board that even though a collection ageny buys a debt they are still a collector not a creditorThis is correct/? I am just trying to find ground to prove that a unlicensed collector needs to be licensed to collect in my stateBecause if they are considered a creditor/after purchasing they do not need to be licensed,, Any information or proof for my claim??Illinois Link to comment Share on other sites More sharing options...
anti-something Posted October 5, 2004 Report Share Posted October 5, 2004 sure, if they bought it while it was in default, they are a debt collector.great site at http://www.edcombs.comread this (not the whole thing, but near the start it says who a 'bad debt buyer' is and gives case cites too).http://www.edcombs.com/CM/News/Fair%20Debt.pdf Link to comment Share on other sites More sharing options...
schellmis63 Posted October 5, 2004 Author Report Share Posted October 5, 2004 Your to good to me Tatiana,, Thanks,, and that is what I thought, if the account is charged off and they buy it,, they are the collector Link to comment Share on other sites More sharing options...
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