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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Hospitals, Advocates Battle Over Patient Credit Checks
18 March 2008
Favorable Collection Laws Boost Scandinavian ARM Success
18 March 2008
Asset Acceptance Changes Auditor, Updates Exec Bonus Plan
17 March 2008
FirstCity Reports Difficult Q4, but Rosy Outlook for Purchasing
17 March 2008
Card Debt Prices Dropping as More Paper Hits Market
17 March 2008
Jury Decides Fate of Execs that Bought ARs from Struggling Hospitals
13 March 2008
Aktiv Kapital Swings Back to Profit in 2007
12 March 2008
Norway Invades Germany to Reap ARM Rewards
12 March 2008
Intrum Reports Big Growth for 2007, Buys Record Debt in Q4
11 March 2008
European ARM Giant Buys German Collector, Looks to Consolidate ARM Market
7 March 2008
Encore Rewards Executives with Bonuses, Salary Hikes
6 March 2008
Collection Execs Start Debt Settlement Firm to Work with ARM Industry
5 March 2008
IRS 990 Change Will Spur Hospitals to Sell Debt: Experts
4 March 2008
UK Bank to Stop Lending, Focus on Debt Purchasing and Collection
27 February 2008
Asset Acceptance Reports Rough Year, Record Purchases
26 February 2008
Massive Deal Brewing for UK Debt Purchaser-Collector: Paper
25 February 2008
Richards Building Capio to Capture Top Spot as Health Care Collector
25 February 2008
Asset Acceptance Gives Poor Earnings Preview for 2007
22 February 2008
PRA Notches Record Buying Year, Looks Offshore for Collections
22 February 2008
Sherman Stake Could be Potential Capital Source for Minority Owners
21 February 2008