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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Receivable Acquisition Profits Rise as it Buys $5.8 Million Portfolio
20 February 2008
Encore Reports Weak Quarter, Year as it Expands Legal Collections
20 February 2008
Analyst Sees Solid Quarter for PRA, Uncertain 2008 for Debt Buyers
19 February 2008
Sallie Mae to Grow ARM Unit Overseas as Promotions are Announced
15 February 2008
Thoughts from the DBA: The Game Plan is Changing
13 February 2008
Asta Reports Strong First Quarter, Sees Challenging Collection Ahead
12 February 2008
Australian Debt Buyer Hammered on Stock Market After Earnings Update
11 February 2008
FTC Updates ARM Industry on Agency?s Workshop at DBA Conference
6 February 2008
A Growing Move Toward PCI Compliance
6 February 2008
Debt Buyers and Sellers -- Opportunity is Knocking Right Now
5 February 2008
Portfolio Pricing Top of Mind as Debt Purchasers Head to Conference
5 February 2008
New Technology to Aid Debt Purchasers with Media
4 February 2008
Mortgage Collector Growing as Market Troubles Surge
4 February 2008
Bad Times Means Good Time to Enter Healthcare Debt Market
4 February 2008
UK Purchaser Lowell Reports Strong Start to 2008
1 February 2008
WAM Reports Big Numbers in 2007, But Cautions on 2008
31 January 2008
Holzhauer Forms Medical Debt Buyer
30 January 2008
The State of ARM
29 January 2008
CFS Co-founder Target of $2.3 million Collection Effort
29 January 2008
The State of the Industry: What is Next for ARM?
29 January 2008