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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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Minnesota Announces Action to Shut Down Debt Collection Agencies

9 October 2013

Arrow Global Has Successful Debut on London Stock Exchange

8 October 2013

Executive Change: Lowell Group Appoints Tish Joyce as Director of Change Management

7 October 2013

State Supreme Court Hears Debt Buyer's Challenge to AG Action

3 October 2013

Important Webinar Scheduled for October 9

3 October 2013

With VA Benefits Checks at Risk, Past Donors Share Why they Support Veterans

3 October 2013

Best Places to Work in Collections 2013 Winners Announced

1 October 2013

New York AG Settles with Five ARM Firms Over Payday Loan Collection

1 October 2013

Executive Change: Lowell Group Appoints Managing Director for Interlaken Group

1 October 2013

J.C. Christensen & Associates Takes Away Resurgent Capital Services' Top Honor

25 September 2013

Pioneer Credit Employees Raise More Than $7,000 for Disabled Iraq War Veterans

25 September 2013

Judge Dismisses Case that Named 12 ARM Firms and Questioned Entire Collection System

24 September 2013

Chase Debt Collection Investigations May Not be Over

23 September 2013

Chase Consent Order Has Broad Impact on Debt Collection Industry

20 September 2013

I.C. System Votes by "Overwhelming Majority" to Support Veterans with Collection Problems

18 September 2013

CFPB Addresses Collection of Time-Barred Accounts, But More Guidance Needed

17 September 2013

Marjorie M. Connelly Appointed to Portfolio Recovery Associates Board of Directors

16 September 2013

JPMorgan Chase Close to Settling Long-Running Debt Collection Probe

12 September 2013

Investigation Reveals Flaws in D.C. Tax Lien Sales

11 September 2013

Ontario Systems Kicks Off Annual ARMing Heroes Drive to Help Veterans Like Javier Herrera

11 September 2013

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