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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Receivable Acquisition & Management Corporation to Acquire Business Intelligence Group and Business Intelligence Solutions
17 May 2010
Second Round, LP Closes on Capital Facility for Debt Purchasing
17 May 2010
Market Trends Continue Unfolding in the Credit Card Sector
14 May 2010
NCO Group Reports Loss in First Quarter on Increase in Revenue
14 May 2010
Irene H. of Account Recovery Specialists Wins Collection Story Contest
13 May 2010
FDIC Ramping Up Loan Sales as More Banks Fail
13 May 2010
What's Your Mission Statement?
12 May 2010
$123 billion in 19 Months: Credit Card Debt's Amazing Plummet
11 May 2010
Executive Change: American Profit Recovery Hires Two for Customer Service Team
11 May 2010
SquareTwo Financial Launches Comprehensive Educational Program for Employees and Partners
11 May 2010
Federal Regulatory Reform Hits ARM Industry on Three Fronts
10 May 2010
FDCPA and Other Consumer Rights Lawsuit Statistics for April 16-30
7 May 2010
Asta Funding Posts Profit in Latest Quarter on Decrease in Revenue
6 May 2010
Marion Financial Corp. Awards Two Scholarships
6 May 2010
How to Get insideARM Content Everywhere
6 May 2010
Credit Grantors and ARM Companies Converging on Vegas Once Again
5 May 2010
Merlin Mitigating Collection Agency Risk With Litigant Data
5 May 2010
New Consumer Credit Default Index to Standardize Late Payment Data
5 May 2010
ARM Industry Continues Efforts to Clarify New York City Rules
4 May 2010
Sherman Financial Buys Remaining Stake in Itself for $172 million
4 May 2010
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