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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DebtMarket and Education Loan Source Team Up with New Debt Sales Options for Student Loans

1 April 2010

NCO Group Posts $84 million Loss in 2009

1 April 2010

Executive Change: Naseem Haffar Named Head of U.S. Loan Sales Societe Generale

29 March 2010

A Sex Change to Dodge Debt Collectors? What Else Will Consumers do to Evade?

29 March 2010

FirstCity Financial Will Host Its Fourth Quarter 2009 Conference Call on March 30, 2010

25 March 2010

Collection Agencies Should be Wary of SIFs: ACA

25 March 2010

Credit and Collection Industry Complaint Resolution Exceeds National Average

23 March 2010

Making Our Voices Heard on Capitol Hill

22 March 2010

Global Debt Registry Uses Electronic Signature Capabilities to Reduce the Title Transfer Process

17 March 2010

Portfolio Recovery Associates Expands Legal Services with Acquisition

16 March 2010

Asset Acceptance Reports Loss for Q4 and Full Year 2009 on Impairments

11 March 2010

Former Chase Exec Makes Debt Sales Allegations in Lawsuit

10 March 2010

Debt Collection Agency to Bring 1,200 Jobs to Kansas

9 March 2010

Exploring Rising Complaints Against Debt Collectors

5 March 2010

AlphaTrust Signs More Than 250 Customers for Its PRONTO E-Signature Process Automation Solution

4 March 2010

Experts Say New Credit Card Rules will Significantly Impact ARM Industry

3 March 2010

Asset Acceptance to Host Fourth Quarter and 2009 Year-End Conference Call March 10

3 March 2010

Prepare for a Slow Recovery

2 March 2010

DebtX to Sell $105.5 Million Portfolio

2 March 2010

Executive Change: Portfolio Recovery Associates Names John Fain and John Fuller to Its Board of Directors

1 March 2010

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