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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Numbers from the ARM Industry?s First Virtual Trade Show
26 February 2010
Credit Card ARM Inventory to Remain Strong as Charge Offs Spike
24 February 2010
SIF Strategies Differ Between Collection Agencies and Debt Buyers
23 February 2010
Portfolio Recovery Associates Announces Closing of Public Offering and Exercise of Over-Allotment Option
23 February 2010
Bills Introduced in State Legislature Target Debt Buyers
22 February 2010
UK Debt Buyer Lowell Group Reports 20% Rise in Earnings in 2009
22 February 2010
State AG Settles Charges Against Three Debt Collection Agencies for $404,000
19 February 2010
Portfolio Recovery Associates, Inc. Announces Pricing and Increased Size of Public Offering of Common Stock
18 February 2010
Asset Acquisition Group, LLC Begins 2010 with $240MM Purchase
18 February 2010
Rising Strategic Mortgage Defaults Broadly Impacting Debt Collection Industry
18 February 2010
Portfolio Recovery Associates, Inc. Announces Public Offering of Common Stock
17 February 2010
Ask the Experts: Can SIFs Benefit My Agency?
16 February 2010
Research and Markets: Top Accounts Receivable Outsourcing Vendors, Black Book Survey Results
12 February 2010
Portfolio Recovery Fourth Quarter Net Income Up 17 Percent on Record Revenues
12 February 2010
Exhibitors Gearing Up as Curiosity Grows About Online ARM Expo
10 February 2010
How Do Collection Industry Employees Feel About their Employers?
9 February 2010
Glass Mountain Capital, LLC Strengthens Commitment to Delivering Unparalleled Recovery Results and Customer Care to Credit Issuers and Debt Buyers
9 February 2010
Oliphant Acquires Assets of Performance Capital Management
9 February 2010
Encore Capital Group Reports Big Fourth Quarter and Full Year 2009
9 February 2010
DBA International Hosts Charity Golf Event for Autism
8 February 2010
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