December 6, 2023

Junk Debt Buyers List

Junk debt buyers are companies that purchase delinquent or charged-off debts from original creditors or other debt buyers. These debts are often sold at a fraction of their original value, and the junk debt buyers then attempt to collect on the debts in order to turn a profit. While some junk debt buyers operate ethically, others engage in aggressive or even illegal collection practices.

If you are dealing with a debt collector or considering selling your own debt, it is important to be aware of the junk debt buyers out there and do your research before making any decisions. In this article, we will provide a comprehensive list of junk debt buyers in the United States, as well as some tips for dealing with them.

List of Junk Debt Buyers

Here are some of the most well-known junk debt buyers in the US:

  1. Portfolio Recovery Associates (PRA)
  2. Midland Credit Management (MCM)
  3. LVNV Funding
  5. Encore Capital Group
  6. Cavalry SPV I LLC
  7. Arrow Financial Services LLC
  8. Asset Acceptance LLC
  9. NCO Financial Systems Inc.
  10. Sherman Financial Group

Please note that this is not an exhaustive list, and there are many other junk debt buyers out there. However, these are some of the most active and well-known companies in the industry.

Dealing with Junk Debt Buyers

If you are contacted by a junk debt buyer, it is important to understand your rights under the Fair Debt Collection Practices Act (FDCPA). This law prohibits debt collectors from engaging in certain deceptive or abusive practices, such as:

  • Calling you before 8am or after 9pm
  • Contacting you at work if you have asked them not to
  • Using profanity or other abusive language
  • Threatening to take legal action they cannot or will not take

If a junk debt buyer violates the FDCPA, you can file a complaint with the Consumer Financial Protection Bureau (CFPB). You may also be able to take legal action against the debt collector.

Before making any payments or agreeing to any repayment plans with a junk debt buyer, it is important to verify that the debt is actually yours and that the collection agency has the legal right to collect on it. You should also negotiate a payment plan that you can realistically afford, and get any agreement in writing.

Selling Your Debt

If you are considering selling your own debt, it is important to be aware of the risks involved. While you may be able to get some money upfront, you will likely receive significantly less than the full value of your debt. Additionally, you will no longer have control over how your debt is collected, and may be subject to aggressive or unethical collection practices.

If you do decide to sell your debt, make sure you are working with a reputable company and that you fully understand the terms of the sale. You may also want to consult with a financial advisor or attorney before making any decisions.


Junk debt buyers can be a major headache for consumers who are trying to get out of debt. However, by understanding your rights and doing your homework, you can protect yourself from abusive or illegal collection practices. If you are struggling with debt, consider working with a nonprofit credit counseling agency or financial advisor to explore your options for debt relief.

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