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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FCT & Aktiv Kapital Join Forces to Enhance Corporate Distressed Debt Management
11 February 2013
FDCPA Case Dismissed on Lack of Standing in Bankruptcy
8 February 2013
Combat Fighters and Fun Facts from DBA Conference 2013
8 February 2013
DBA International Approves Debt Buyer Certification Program; Mandatory for Membership
7 February 2013
Cloud-Curious at DBA 2013
7 February 2013
Second Round Launches ProMatch, Debt Settlement/ARM Information Exchange
4 February 2013
Executive Change: Bob Schofield Joins Unifund as VP of Strategic Alliances
4 February 2013
Where’s The Beef? The FTC 2013 Report On Debt Buyers
4 February 2013
Castel Detect Sponsoring 2013 DBA International Conference
1 February 2013
Executive Change: MSW Capital Appoints Mark Meisenbacher as Chairman and CEO
31 January 2013
Executive Change: JH Capital Group and Credit Control Name Nathan Sturycz Chief Compliance Officer
31 January 2013
FTC Releases Large Multi-Year Debt Buying Study
30 January 2013
Value Healthcare Services Announces First Company Dedicated to Healthcare Bankruptcy Receivables
30 January 2013
insideARM.com Executive Change: Jennifer Szumiesz Promoted to Director of Client Marketing
29 January 2013
Phillips & Cohen Associates Announces International Expansion Plans
29 January 2013
ARM Industry Urges Supreme Court to Hear FDCPA Case on Fees
28 January 2013
Social Media is Next Horizon in Debt Collection Regulation
24 January 2013
Debt Collectors Help Gold Star Military Mom Keep Family Home
24 January 2013
Debt Collectors Causing Spike in UK Suicides: Report
23 January 2013
LHR, Inc. to Now Offer Collection Services to Buyers of U.S. Debt
23 January 2013