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1.3.4.1 Overview

Debt buyers are companies that purchase debts from original creditors, intermediaries, or other debt buyers. Debts are purchased for pennies on the dollar. The debt buyer may either try to collect the debts themselves, place them for collection with debt collectors, or sell the debts to other debt buyers.

This sections below provide additional data about debt buyers. Their collection practices are discussed in § 1.4.7, infra.