Debt Collector
/ˈdɛt ˈkɒl.ɛk.tər/
Definitions
- (n.) A person or entity authorized to collect debts owed by individuals or businesses, often on behalf of creditors.
The debt collector contacted me to recover the outstanding loan balance.
- (n.) An agent who may employ legal measures, including litigation or negotiation, to recover a monetary obligation.
The debt collector filed a lawsuit to enforce the repayment agreement.
Forms
- debt collectors
Related terms
See also
Commentary
Term typically implies a third party involved in debt recovery, distinct from original creditors; legal regulations such as the Fair Debt Collection Practices Act govern their conduct.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.