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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Al Brothers Named DCS 2008 Debt Buyer of the Year
1 October 2008
Lowell Group Profits Top $36 million in Fiscal Year
30 September 2008
Two New ARM Businesses Launched in Canada
26 September 2008
FDIC Selects DebtX to Sell $424 Million in Loans
24 September 2008
CDIA Hosting Webinar For Debt Buyers and Third Party Collectors
24 September 2008
Growing Market for Medical Debt Paper Likely to Follow Financial Bailout
24 September 2008
Collection House Details Turnaround Year in Annual Report
22 September 2008
Radian Increases Stake in Debt Buyer Sherman Financial
19 September 2008
Debt Buyer Velocity Announces Filing of Registration Statement for Sale of Common Stock
18 September 2008
ACA to Introduce New Element to PPMS Program
17 September 2008
Tracking the Storm in Financial Markets ? What Will it Mean for ARM?
16 September 2008
Crown Asset Management Honored as One of America?s Fastest-Growing Private Companies
16 September 2008
Fox-Pitt Starts Coverage of Asset Acceptance, Portfolio Recovery
15 September 2008
Galaxy Asset Management and Carval Partner to Manage Investments In Consumer Loan Portfolios In the U.S.
11 September 2008
Portfolio Recovery Associates Expands Credit Agreement
9 September 2008
ARM Conference Raises $150,000 for Charity; Collection Awards Handed Out
9 September 2008
Executive Changes: IDT Carmel Holdings Appoints Collections Industry Veterans
5 September 2008
DebtX Offers CMBS Loan Pricing Data To Bloomberg Subscribers
4 September 2008
Skills World to Launch New Training Aid for Credit and Collections Industry
4 September 2008
Debt Connection Symposium: Medical Debt Sales on the Rise
4 September 2008
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