A debt buyer is a firm that purchases debt from another company, usually a creditor or bank, at a deeply discounted rate. The debt purchaser then attempts to collect the debt through its own operations or through the use of a third-party debt collection agency. Some debt buyers may sell all or part of the debt to another party at a profit. Most debt buyers are small and privately held, though there is a handful of publicly traded debt buying companies. Recent changes in law and legal rulings have seen the debt buying industry regulated like collection agencies, or servicers of debt, rather than creditors, or owners of the debt. Debt buyers must adhere to the FDCPA.
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Survey Shows Tough Times But Rosier Outlook for Collectors
13 June 2008
Investment Firm Buys Half of European Collector Lindorff for $560 Million
11 June 2008
Asta Funding Announces Expanded Roles of Board Members
10 June 2008
Receivables Exchange's Membership Exceeds $500 Million in Accounts Receivable Turnover
10 June 2008
Debt Collection Cases Double in Northern Illinois
9 June 2008
U.S. Business Journal Now Available on BlackBerry Mobile Devices
6 June 2008
Canadian Debt Buyers Association Holds First Meeting, Elects Officers
6 June 2008
Asset Acceptance Opens Books for Investors at Conference
6 June 2008
Brazilian Unit of American ARM Firm Buys $305 million Debt Portfolio
5 June 2008
IDT Posts Loss for Quarter, But Gains in ARM Unit IDT Carmel
5 June 2008
Recovercorp Named to Profit100 Ranking Of Canada?s Fastest-Growing Companies
3 June 2008
Health Care Providers Turn to Auctions for Patient Debt
3 June 2008
Stratagem Portfolio Services and InfoCentricity Announce Strategic Relationship
2 June 2008
Asset Acceptance to Present at Keefe, Bruyette Conference
2 June 2008
UK Debt Buyer Gets $165 million Credit Facility for Portfolio Financing
2 June 2008
Winston-Salem City Credit Union Sells Card Portfolio to TNB
30 May 2008
Executive Change: The Receivables Exchange Lands PNC Bank Veteran as COO
30 May 2008
ARM Index Shows Continuing Erosion of Collection Environment
30 May 2008
Investors Sell Debt Buyers' Stock as Economy Declines
29 May 2008
Velocity Reports 24% Rise in Net Income
27 May 2008