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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Portfolio Recovery Associates Teams Up with Red Cross on Readiness Ads
24 August 2012
Inexpensive Marketing & Reputation Protection Tips for Your Collection Agency
23 August 2012
What is it Really Like to be a Debt Collector?
23 August 2012
Major Papers Stomping on the ARM Industry Today
20 August 2012
6 Ways to Get the Right Kind of Attention for Your Collection Agency
15 August 2012
Tonetti: CFPB Supervision to Create 'Level Playing Field' for Credit Market Participants
13 August 2012
ACA International Announces New Health Insurance Program for Members
9 August 2012
Credit Card Balances Fall in June; Monthly Pattern Becomes Unstable
8 August 2012
What U.S. Counties are the Most Behind on their Credit Cards?
7 August 2012
CompuCredit Sells Debt Buying and ARM Unit, Jefferson Capital, for $130 million
6 August 2012
Encore Capital Group Shuts Our Mouths, re: Quarterly Earnings
3 August 2012
SquareTwo Financial Donates $10,000 to Colorado Red Cross Wildfire Relief Efforts
3 August 2012
Portfolio Recovery Associates Throws Around Huge Numbers in Q2 Earnings Report
2 August 2012
Asset Acceptance Reports Big Increase in Debt Buying, Flat Earnings in Q2
31 July 2012
Executive Change: Cavalry Names Christian Parker EVP of Legal Operations
31 July 2012
New Patent Could Turn U.S. Debt Portfolio Market on its Ear
31 July 2012
Javlin Capital to Finance Guardian Capital’s Purchase of Non-performing Residential Mortgages and "REO"
30 July 2012
ACA International Elects New Leadership
27 July 2012
ARM Companies Well-Represented in Bankruptcy Filings
27 July 2012
Debt Buyer Portfolio Recovery Associates to Announce Q2 2012 Results on August 1
26 July 2012
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