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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Javlin Capital Enters Relationship with Galaxy Asset Purchasing for Charged-off Receivables
10 January 2012
ARM Industry Association Responds to Collector-Bashing Article
4 January 2012
Asta Funding Announces New Joint Venture in Personal Injury Financing
4 January 2012
National Media Spends Holiday Bashing Debt Collectors
3 January 2012
BBB Chapter Releases Report on Debt Collectors
3 January 2012
Asta Funding Announces New $20 million Discretionary Credit Facility
3 January 2012
Encore Capital Group Announces Final Resolution with Texas AG's Office
23 December 2011
Unifund Understands and Helps a Distressed Economy
23 December 2011
U.S. Bancorp Acquires $700 Million Credit Card Portfolio from B of A Unit
22 December 2011
How Can Debt Collection Agencies Deal with a Negative News Story?
21 December 2011
SquareTwo Financial Expands Operations Department, Prepares for Continued Growth in 2012
20 December 2011
Portfolio Recovery Associates Announces Partnership With Financial Education & Literacy Advisers
19 December 2011
Intrum Justitia to Shut Down Operations in Latvia and Lithuania
19 December 2011
ACA Board of Directors Approves New Governance Structure
16 December 2011
Executive Change: CMAX Names Liliana Shields VP of Finance
15 December 2011
Asta Funding Reports Increase in Income for Fiscal Fourth Quarter and Full Year 2011
14 December 2011
PRA's Judith Scott Named to Virginia Business Legal Elite
14 December 2011
Persolvo Data Systems Launches Next Generation System Designed to Locate, Analyze and Settle Consumer Debt Accounts
14 December 2011
Norman R. Sorensen Joins Encore Capital Group Board of Directors
14 December 2011
Acumen Insurance Services Expands Advisory Board With Addition of Two Leading ARM Executives
14 December 2011
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