What is a junk collector?

Junk debt collectors are collection companies that purchase bad and old debt, they are working for themselves and consider themselves as owners of the debt. Junk debt collectors is a billion dollar industry and is responsible numerous credit
reporting violations of law.

Just remember when you deal with one . . . they are bound by the fdcpa. The exception for first party creditors only applies to debt buyers if they bought the debt BEFORE it came due. For example, if you're in good standing on a mortgage and the bank sells the note, the new noteholder steps into the bank's shoes. But if you went into default on a credit card or pdl and the debt is sold to a debt buyer, the debt buyer still has to abide by the FDCPA restrictions.