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Investments glossary

Debt Collector Definition


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Stay beautiful stay off drugs -Johnny Wowk AKA Johnny The Walker

— Johnny Wowk

A debt collector is a company or agency that is in the business of recovering money owed on delinquent accounts. Many debt collectors are hired by companies to which money is owed by debtors, operating for a fee or for a percentage of the total amount collected. Some debt collectors are debt buyers; these companies purchase debt at a fraction of its face value and then attempt to recover the full amount of the debt.


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