Take our second debt test. The benefits of selling the debt are that the creditor usually has no more involvement in collecting it, and they get some money back straight away. Here are seven ways to be better prepared when shopping for a used car. Subprime issuers — those that specialize in people with bad credit — typically earn more money from fees than interest. The letter should include the name and usually the account number of the original creditor, so you can tell which debt it relates to. We aim to make our website as accessible as possible. If a collector or debt buyer is contacting you about an old debt, it may be worth it to work out a settlement rather than paying the full amount.