EPISODE · Jan 10, 2026 · 6 MIN
Who Really Owns Your Debt? The Truth About Debt Buyers and Lawsuits
from Georgiou Law, PLLC Podcast · host Efstathios Georgiou
Send us Fan MailMany credit card lawsuits are not brought by your original bank, but by debt buyers who purchased alleged debts for pennies on the dollar. This episode explains how and why banks sell charged-off accounts, what debt buyers actually receive when they buy a debt, and why their cases often rely on consumers failing to respond. Learn how forcing proof—rather than defaulting—can dramatically change the outcome of a debt buyer lawsuit and create real leverage to defend, dismiss, or settle the case on favorable terms.
What this episode covers
Send us Fan Mail Many credit card lawsuits are not brought by your original bank, but by debt buyers who purchased alleged debts for pennies on the dollar. This episode explains how and why banks sell charged-off accounts, what debt buyers actually receive when they buy a debt, and why their cases often rely on consumers failing to respond. Learn how forcing proof—rather than defaulting—can dramatically change the outcome of a debt buyer lawsuit and create real leverage to defend, dismiss, or...
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Who Really Owns Your Debt? The Truth About Debt Buyers and Lawsuits
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