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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Mike Ginsberg?s Blog: Improving Conditions for M&A

9 June 2010

FDCPA Lawsuits Against Collectors Averaging More than 800 Per Month

9 June 2010

Asset Acceptance Capital Corp. Secures Amended Credit Facility

7 June 2010

West Virginia Attorney General Sues Two ARM Companies

4 June 2010

Indian BPO Giant Acquires US Collection Agency BCR

3 June 2010

Executive Change: Tina Carter to Cabot Financial as PR & Marketing Manager

2 June 2010

Intrum Justitia Investor Day, Tuesday 1 June, 2010

1 June 2010

What?s Most Important this Holiday Weekend

28 May 2010

Executive Change: Doffie Howard Promoted to VP at Stellar Recovery

26 May 2010

Executive Change: Tanya M. Madison to Portfolio Recovery Associates as VP, Corporate Communications

26 May 2010

FDCPA and Other Consumer Rights Lawsuit Statistics for May 1-15

26 May 2010

New Report Exposes Systematic Debt Collection Abuses

26 May 2010

Executive Change: Intrum Justitia Appoints Managing Director for Sweden

24 May 2010

Velocity Portfolio Group Closes New Senior Debt Facility for Debt Purchasing

21 May 2010

B of A Leading Major Card Issuers in Delinquencies and Charge-Offs in April

21 May 2010

Intrum Justitia Creates New Region and Appoints Regional Managing Director for Northern Europe

20 May 2010

Debt Buyers Experiencing Bumpy Ride on Prices

20 May 2010

Failure to Include License Number in Collection Notice does not Violate FDCPA

19 May 2010

Maryland Clarifies Licensing Requirements for Debt Purchasers

18 May 2010

ARM Industry Turning a Corner, According to Collectors and Debt Buyers

18 May 2010

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