New Hampshire Collections-Creditors Rights FAQs

• Q: What Is A Creditor?
  A: A creditor is any person or organization to which the debtor owes money that has a finance charge added to the unpaid balance, or is scheduled to be repaid in … More
• Q: What Is A Bill Collector?
  A: A bill collector is a third party hired by the creditor to collect the debt. Collection agencies and attorneys who contact the debtor about a debt are bill collectors.
• Q: What Is A Secured Debt?
  A: A debt is secured if the debtor offers the creditor an interest in property to guarantee payment of the debt. A typical secured debt is an automobile loan, or a … More
• Q: What Is An Unsecured Debt?
  A: Any debt that is not secured by property is an unsecured debt. A personal loan, medical bills and credit card balances are typical unsecured debts. Creditors cannot … More
• Q: Why Use A Collection Agency?
  A: Many debtors will pay a collection agency even though they never cooperated with the original creditor. The debtors sometimes realize you are serious or don't want a … More

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