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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Debt Buyer to Pay $150,000 in Class Action Settlement
14 August 2009
Creditors to Meet with Prospective Agencies and Debt Buyers at Debt Connection Symposium and Expo 2009
13 August 2009
ACA Supported Legislation Introduced in U.S. House
11 August 2009
Key Figures Download on FTC Discussion on Process Servers and Legal Collection Issues
11 August 2009
ACA International Offers Insight at FTC?s Debt Collection Workshop
11 August 2009
So, Where?s the New Money?
10 August 2009
FTC Collection Litigation Roundtable Sees Lively Debate on Legal Issues
7 August 2009
Debt Collector Registry and Dispute Resolution Proposal May Alienate Prominent ACA Affiliate
6 August 2009
Distressed Debt Acquisition Firm Announces Investor Commitment for its 10 million dollar Limited Partnership
5 August 2009
Debt Buyer Asta Funding Swings to Profit in Latest Quarter
5 August 2009
Asta Funding, Inc. to Report Third Quarter 2009 Results
31 July 2009
Encore Capital Reports Solid Quarter and Two New Senior Execs
31 July 2009
Asset Acceptance Reports Difficult Quarter, Plans for Future Growth
31 July 2009
Credit Account Management Launches Online Client Reporting Suite
30 July 2009
Portfolio Recovery Posts Rise in Revenue, Income and Collections in Q2
30 July 2009
ARM Firms Still Dealing With Weak Performance: Survey
29 July 2009
Debt Portfolio Registration Services Fill an Operational and Regulatory Gap
22 July 2009
Encore Capital Group, Inc. to Announce Second Quarter 2009 Results on July 30
21 July 2009
Portfolio Recovery Associates to Announce Second Quarter 2009 Results on July 29, 2009
21 July 2009
Ask The Experts: The ARM Industry in the Second Half of 2009
20 July 2009
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