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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Bill Targeting Debt Buyers Advances in New Jersey
14 December 2012
European Debt Collector Intrum Justitia Pares German Operations
14 December 2012
Debt Buyer Encore Capital Settles Long-Running Legal Collection Charges for $500,000
13 December 2012
Encore Capital Group Announces Private Placement of $15 Million Additional Convertible Senior Notes
12 December 2012
Mike Ginsberg: A Mixed Bag of Treats for ARM Professionals
10 December 2012
Portfolio Recovery Associates to Expand Alabama Call Center
10 December 2012
ACA International Sets CFPB Compliance Training Dates
6 December 2012
Rankings Released for 2012 Best Places to Work in Collections
5 December 2012
ACA International Introduces Robert L. Föehl as Vice President and General Counsel
4 December 2012
Asset Acceptance Makes Wishes Come True Through Annual Community Fundraiser
4 December 2012
Brad Pitt Developing Debt Collector Series for HBO
30 November 2012
ARM Companies Largely Meeting Expectations in 2012
29 November 2012
UK ARM Firm Lowell Group Announces Fiscal 2012 Results
29 November 2012
Third Party Debt Collection Accounts Fall in Q3
28 November 2012
Executive Change: Debt Sales Veteran Craig Geisler Joins Wellington Acquisition Group as VP
28 November 2012
POLL: How is 2012 Looking?
27 November 2012
Encore Capital Group Prices Private Placement of Convertible Senior Notes
21 November 2012
In Which the Staff of insideARM.com is VERY Thankful
21 November 2012
Mackenzie Hall Wins U.K. Consumer Debt Collections Agency of the Year Award
20 November 2012
CFPB Supervision: Small Collection Agencies May be Examined
19 November 2012