As long as both parties come to an amicable agreement, it should be allowed for debt collectors to stop a lawsuit which could result in expenses for both parties, it would only take more time to get things resolved and it will definitely leave a bad taste in both parties' mouth about the whole experience
This is just another one of those unfair situations that deprives consumers of the protection that they should have. Yes, I think it is an unfair practice, and it will only make debt collectors more determined to harass people who fall upon hard times and cannot pay their debts. There used to be a thing called debt forgiveness after a certain number of years if a person clearly didn't have the money. Not so much these days.
Debt collectors should NOT be able to buy your lawsuit under any circumstances. Debt collectors use terrible practices including verbal abuse, harassment, and things of that nature when speaking to people. I do not want them to have the ability to buy our lawsuits when they promote that kind of terrible behavior.
No, it is not fair that a debt collector can buy your lawsuit if you are suing them. This type of buyout should not exist in a legal court of law. The courtroom is supposed to be impartial. It's supposed to review the facts, not give preferential treatment to the highest bidder.