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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Portfolio Recovery?s Net Income Falls in Third Quarter
30 October 2009
Debt Buyer Encore Capital Reports Sensational Third Quarter Results
29 October 2009
Aktiv Kapital Reports Stable Q3 Performance in a Challenging Market
28 October 2009
CapMan Public Market Fund Invests in Intrum Justitia AB
28 October 2009
Analyzing the GAO Recommendations for FDCPA Reform
26 October 2009
Webrecon to Scrub Every Collection Database Industry-Wide for Free
26 October 2009
Interactive Data Launches Batch Service for FDCPA Case Listing Service
26 October 2009
An Idea Whose Time Has Come
23 October 2009
ARM Earnings Reports All Over the Place; Sallie Mae Up, Intrum Flat, WAM Reorganizes
23 October 2009
Aktiv Kapital ASA (OSL:AIK) to Release Q3 2009 Earnings October 28
23 October 2009
Encore Capital Group, Inc. to Announce Third Quarter 2009 Results on October 28
22 October 2009
Government Report Recommends Significant Changes to FDCPA
22 October 2009
The Receivables Exchange Forms Alliance with American Staffing Association
21 October 2009
ACA International Guide to State Collection Laws Now Available Online
21 October 2009
CFPA Debated in Committee this Week; Experts Weigh In on ARM Impact
21 October 2009
DataRose Announces The EqualXchange Network for Credit & Collections Industry
20 October 2009
Portfolio Recovery Associates to Announce Third Quarter 2009 Results on October 29
20 October 2009
Credit and Debt Collection Firms? Performance and Outlook Improving
19 October 2009
AP Details Growth of State ARM Regulation and Consumer Woes
15 October 2009
Executive Change: AXZAS Names Beverly Becker-Holohan as New Executive Vice President
15 October 2009
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