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.
Filter by Location
NYC Bill Would Require Licensing of Debt Purchasers
12 December 2007
Asta Funding Expands Credit Agreement
11 December 2007
Tougher Standards Will Improve Perception of ARM Industry
19 November 2007
Velocity Asset, Maximus Report Quarterly Results
15 November 2007
Your Own Newsletter Powered by insideARM.com? Hello, by the way
15 November 2007
Bankruptcy Collectors Say BusinessWeek Paints Fuzzy Picture
14 November 2007
ARM Industry in UK Sees Explosive Growth
13 November 2007
Industry Comes Out Against State Debt Purchasing Bill
12 November 2007
FirstCity Financial has Down Third Quarter
9 November 2007
Asset Acceptance Impairment Charge is $13.8 Million
6 November 2007
Aktiv Kapital Reports Down Quarter, But Surge in Debt Purchasing
5 November 2007
Appeals Court Rules on Debtors? Counsel Communications
5 November 2007
Debt Purchasers in Lawmakers? Cross-hairs
2 November 2007
State to Hear Debt Purchaser Notification Bill
2 November 2007
Roller Coaster Year for Public ARM Firms
31 October 2007
Portfolio Recovery Notches Transitional Quarter with Modest Income Rise
30 October 2007
Asset Acceptance to Post $15 Million in Revenue Impairments
26 October 2007
Encore Reports Modest Results but Big Jump in Purchasing Activity
26 October 2007
Small Firms Have a Role in Big Healthcare Portfolio Sales
25 October 2007
Hospitals Eye Tenet Portfolio Sale as They Mull Packaging Debt
22 October 2007