As many frequent visitors to this site already know, a debt buyer is an entity that purchases charged-off consumer debt in the secondary debt market.  Often, debt buyers purchase old, uncollectable credit card debt for pennies on the dollar and then try to collect the debt's face value.  

It seems as if repossession stories are everywhere these days.  There are cable shows about the tactics of North Jersey repo men... and real life stories about folks who lose it when their cars are taken over their objections, like this Cape May County incident. 

Some collections agencies and junk debt buyers have been obtaining arrest warrants against debtors.

Allen Jones received eight phone calls from a debt collector seeking to collect a debt Jones had already paid off.  Eight threatening, racist, obscene, harassing phone calls.  See this link for details. 

With all the talk about predatory lending, mortgage meltdowns, etc in the past few years, it's discouraging to note that mortgage fraudsters are still ripping people off.

According to today's Inquirer, the number of consumer complaints about mortgage fraud have risen: