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.

See all Topics

Leading Debt Portfolio Broker Announces Record Quarter

31 October 2008

Debt Buyer Portfolio Recovery's Income Slips in Q3; Encore Capital's Falls

30 October 2008

Sallie Mae ARM Unit Posts Loss, Sells UK Debt Buying Operation

29 October 2008

Cabot Financial Wins ?Debt Purchaser Of The Year? Award in UK

27 October 2008

Intrum Justitia Reports Big Jump in Revenue and Debt Buying

24 October 2008

West Virginia AG to Cancel $6.6 million in Card Debt in Settlement with Debt Buyer

23 October 2008

West ARM Unit Reports Drop in Revenue in Quarter

23 October 2008

Convoke Systems, Inc. Receives PCI Compliance Certification

22 October 2008

Debt Buyer Small Business Card Study Announced by The Debt Marketplace

22 October 2008

US Debt Buyer to Offer Perspective at UK ARM Conference

22 October 2008

ASK THE EXPERTS: Preparing Your Collection Agency for Sale

21 October 2008

Phoenix-CRMC Speaks at the Ontario Society of Collection Agencies Annual Conference

20 October 2008

Encore Capital to Announce Third Quarter 2008 Results on October 28

17 October 2008

$28 Million FTC Settlement with Bear Stearns/EMC Mortgage has Significant Impact on ARM Industry

16 October 2008

Nomination Committee for Intrum Justitia AB

16 October 2008

M&A Activity in the Debt Collection and ARM Industry Holds Steady through Q308

15 October 2008

IDT Debt Buying Operation Struggles in Latest Quarter

15 October 2008

FirstCity Financial Completes Purchases Under Stock Repurchase Plan

14 October 2008

LINK Financial Launches Brand Dedicated to Student Loan Servicing

10 October 2008

Aktiv Kapital Signs Collection Contract with Nordea

8 October 2008