: If a debtor disputes the debt, the buyer must verify it before continuing collection efforts.
: Debt buyers must inform consumers if a debt is too old to be sued over in court. Risks and Considerations buy delinquent debt
Operating in this space requires strict adherence to consumer protection laws, primarily enforced by the Federal Trade Commission (FTC). : If a debtor disputes the debt, the
: Buyers must provide a written notice within 5 days of initial contact, detailing the amount owed. detailing the amount owed.