Legal Question in Credit and Debt Law in Arizona

Are debt buyers (allegedly bought credit card contract) required to be licensed by Arizona (as are "collection agencies") to collect in Arizona?


Asked on 5/03/12, 9:40 pm

2 Answers from Attorneys

Joyce Johnson-Stovall Johnson Stovall and Associates PLLC

When you collect a debt in Arizona on behalf of a third party, you must provide specific information to the consumer. Tread carefully to avoid violating Arizona and Federal laws in this area.

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Answered on 5/04/12, 9:35 pm
Joyce Johnson-Stovall Johnson Stovall and Associates PLLC

Sometimes a person who acquires a debt is assigned the debt by the credit card company... sometimes they purchase the debt. Without looking at whether this was an assignment or purchase... a single debt... or lots of debts, your question makes little sence. Collections agencies are required to be licensed... and if this business simply acquires debt to collect it, it is a collection agency.

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Answered on 5/09/12, 4:58 pm


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