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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Asset Acceptance Honored by the Macomb County Commission on Women
22 April 2010
Portfolio Recovery Associates to Announce First Quarter 2010 Results on April 27
21 April 2010
Asset Acceptance to Host First Quarter Conference Call April 29
20 April 2010
Appeals Court Sides with Collection Lawyer in Garnishment Case
20 April 2010
Mike Ginsberg Blog: What?s your best collection story?
19 April 2010
Executive Update: George Hannah to Lead Finance and Investments at Aktiv Kapital Canada
16 April 2010
Encore Capital Sets Dates for First Quarter 2010 Results and Upcoming Investor Day
16 April 2010
Fact or Fiction: Mike Ginsberg Blogs on Q1 M&A Results
15 April 2010
House Passes ACA-Supported Gramm-Leach-Bliley Reforms
15 April 2010
A Reality TV Show about Debt Collectors? Really?
14 April 2010
Executive Change: Dawn Horst Announces Separation from Contrax Systems
12 April 2010
Maxwell, Turner & Associates Announces Foray into Debt Purchasing
12 April 2010
Monthly FDCPA Litigation Statistics for March
12 April 2010
Q1 M&A Activity in the ARM Industry - Financial Buyers Active Again
12 April 2010
Portfolio Recovery Associates Selects SAS For Proprietary Modeling
7 April 2010
Hudson & Keyse Completes Debt Restructuring with VION Receivable Investments
6 April 2010
Private Equity Firm Acquires Majority Stake In UK Debt Buyer Marlin
6 April 2010
FTC Complaints Against Debt Collectors Don't Tell Whole Story: ACA
6 April 2010
Former Discover Card Veteran Leads Innovative ARM Consulting Firm
5 April 2010
FTC Issues 2010 Fair Debt Collection Practices Report to Congress
5 April 2010
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