Debtors And Creditors, What Are They?

Moon Twp, PA (PressExposure) July 16, 2009 -- A debtor is an individual or company that owes debt to another individual or company (the creditor), as a result of borrowing or issuing of credit.

A creditor is a party (e.g. person, organization, company, or government) that claims that a second party owes the first party some property or service. The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract) that the second party will return an equivalent property or service. The first party is frequently called a lender, and the second party is frequently called a debtor or borrower.

In other words, your creditors are people to whom you owe money. The term creditor is frequently used in the financial world, especially in reference to short term loans, long term bonds, and mortgages.

The term creditor derives from the notion of credit. In modern America, credit refers to a rating which indicates the ability of a borrower and likelihood to pay back his loan. In earlier times, credit also referred to reputation or trustworthiness.

We introduce ourselves as National Asset Management, a collection agency with specialized skills, working towards recovery of bad debts. If you think we can be of any help to you, contact us. Customer Service: 1-866-289-9940 (Toll Free) E-mail: Sales Department: Information: Rickard Briggs National Asset Management

About National Asset Management

National Asset Management, LLC (NAM) is today's most progressive Consumer Collection Agency for recovering debt from your customers. If your company is seeking to recover money from your corporate and/or commercial clients, NAM's Commercial Collection Agency division can handle that. Our purpose is to provide our clients with unmatched support, service and financial growth.

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Press Release Submitted On: July 16, 2009 at 1:56 am
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