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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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Stellar Recovery Announces Launch of Debt Buying Business

14 October 2009

ACA Holds Successful Washington, D.C. Fly-In

13 October 2009

Advent International Acquires Majority Stake in ARM Firm GFKL

12 October 2009

Convoke Systems Announces Answer to Regulations Pertaining to Incomplete Media and Other Issues Facing Debt Buyers

12 October 2009

New Statistics Reveal 8.73% Of Consumer Attorneys Represent 65.4% of All FDCPA Plaintiffs

8 October 2009

Eltman, Eltman & Cooper Improves Dormant Judgment Collections for Top Debt Buyers by more than 50%

5 October 2009

BEAM Collection Software Now Compatible with Microsoft Windows 7

1 October 2009

Industry Index Ranks Top UK ARM Players

1 October 2009

FirstCity Financial Agrees to Settle Lawsuit

30 September 2009

insideARM.com Announces the Best Places to Work in Collections for 2009

30 September 2009

California Association of Collectors Votes to Stand Pat on ACA Membership Ties

25 September 2009

Debt Buyer/Seller 101 October 13-14, 2009 Southern California Class Still Has Seats Available

24 September 2009

Kaulkin Ginsberg and insideARM.com Announce First Virtual Exposition for the ARM Industry

24 September 2009

First Financial Bank, N.A. Acquires the Banking Operations of Irwin Union Bank and Trust Company and Irwin Union Bank, F.S.B.

21 September 2009

Access Capital Investment Group Facilitates a $50 Million Loan Participation Sale...

18 September 2009

Maryland Boots Major Debt Buyer from State Over Licensing

18 September 2009

Velocity Portfolio Group, Inc. Files Form 25 to Delist Shares From NYSE AMEX

17 September 2009

Follow Mike Ginsberg on Twitter at DCS 2009

16 September 2009

Ask The Experts: Can Mortgage Backed Securities Debt Be Sold?

14 September 2009

DebtX To Sell $788 Million In Loans from Silverton Bank Oct. 20

11 September 2009

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