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, First Associates Partner to Offer Lenders New Liquidity Options, Faster Transfer of Loan Servicing

10 September 2009

Executive Change: Stirling Capital Management Announces the Addition of Holly Balchan to their Business Development Team

9 September 2009

Encore Capital Group Settles Legal Dispute

9 September 2009

ARM Industry Discusses Collection Law Changes in North Carolina

2 September 2009

Faltering Banks Create Challenges for ARM Companies

1 September 2009

AIS Services, LLC Celebrates 4 year Anniversary With Third-Party Collection Services Launch

1 September 2009

SilverLeaf Financial Acquires More Commercial Assets in Massachusetts and California

1 September 2009

Intrum Justitia Adjusts Operational Capacity in UK Collection Business

1 September 2009

Debt Buying Executives Create a Strategic Partnership Through Merger

31 August 2009

Debt Buyers Feeling Economic Pinch More than Collection Agencies

31 August 2009

Executive Change: Robert A. Russo to Runci Group, LLC

27 August 2009

Collect America Enhances Business Agility and Reduces Costs with Oracle Fusion Middleware 11g

25 August 2009

North Carolina Legislation Targets Asset Buyers, Impacts Debt Collectors

24 August 2009

Plano, Texas Debt Collector Featured in D CEO Magazine

20 August 2009

Missouri Attorney General Blindsides Two Debt Collection Firms with Lawsuits

20 August 2009

Government Extends TALF Debt-Securities Purchasing Program

19 August 2009

Debt Connection Symposium and Expo 2009 Hotel Room Block Extended Until Friday, August 21, 2009

19 August 2009

NCO Group Lowers Losses in Q2 as Revenues Decline

18 August 2009

Collection Agency Layoffs Reach Highest Level of Downturn in Q2

17 August 2009

With the Economy Still on Life Support, How are Your Recoveries?

14 August 2009

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