Debt Buying News RSS Feed

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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Aktiv Kapital Scores Large Debt Portfolio from Bailed-Out Spanish Bank

25 July 2012

Comprehensive Report Released on FTC Debt Collection Complaints

24 July 2012

Portfolio Recovery Unit CCB Offers Help on Claims in $7.25 Billion Credit Card Settlement

24 July 2012

Portfolio Recovery Associates Names Head of Acquired Unit, Mackenzie Hall

23 July 2012

Consumer Lawyer Gives Bad Advice on Debt Collection Case Loss

20 July 2012

ANOTHER Collection Agency Shut Down Over Payday Loans

19 July 2012

State Sues Payday Loan Collection Agency

18 July 2012

Mercantile Adjustment Bureau Buys Assets of Zenith Acquisition Corp

18 July 2012

FDCPA Lawsuits Could Decline in 2012 After Years of Growth

17 July 2012

State Dismisses Debt Collection Cases Per Settlement

13 July 2012

State Considers Selling its Outstanding Delinquent Debt

13 July 2012

Asset Acceptance to Announce Second Quarter Earnings July 30

12 July 2012

The Benefits of Participating in Best Places to Work in Collections 2012

11 July 2012

Tactical Lead Development Sales Teleseminar Planned by Paul Morrow

10 July 2012

Are Debt Buyers Overrepresented in FTC Complaints Against Collectors?

6 July 2012

State Announces $1 million Settlement with Debt Buyer and Collection Agency

3 July 2012

Asset Acceptance Invests in the Health and Wellbeing of its Associates

3 July 2012

Fitzgerald Debt Acquisitions Announces New Standards for Originator Confidentiality

2 July 2012

Large UK Debt Buyer Looking to Get Even Larger

29 June 2012

California Committee Approves Fair Debt Buyers Practices Act

28 June 2012

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