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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Debt Buyer FirstCity Posts Loss in Second Quarter

11 August 2008

Debt Buying Giant Sherman Sees $296 million in Revenue in Quarter

11 August 2008

Debt Connection Symposium & Expo 2008 Room Block Ends August 9th

8 August 2008

The Art of the Talk Off Can be Taught

7 August 2008

Asset Acceptance Reports Rough Second Quarter; Announces Change at CEO

5 August 2008

Portfolio Recovery Announces Another Deal in Government Services Sector

4 August 2008

Encore Capital Reports Broad Gains in Second Quarter

4 August 2008

ASK THE EXPERTS: What's Happened to the Secondary Market for Debt Portfolios?

31 July 2008

Portfolio Recovery Reports Lower Earnings on Record Cash Collections

30 July 2008

Debt Collectors in India Using Softer Touch

29 July 2008

Planned Sale of UK Debt Buyer 1st Credit Put on Hold

25 July 2008

Executive Change: Wayne Harlock to Lead Business Development at Aktiv Kapital Canada

24 July 2008

West Posts Loss for ARM Unit on $19.8 million Impairment Charge

24 July 2008

Sallie Mae to Close Debt Purchasing Business, Focus on Contingency Work in ARM

24 July 2008

Intrum Justitia Revenues Hit $150 million in Second Quarter

22 July 2008

Aktiv Kapital Canada Announces Singular Focus on Debt Purchasing

18 July 2008

European Regulators Approve $560 million Collection Agency Buyout

17 July 2008

Portfolio Management Group is Now Aktiv Kapital Canada

14 July 2008

ASK THE EXPERTS: Are European ARM Companies Interested in Buying U.S. Firms?

14 July 2008

Cabot Financial Gains Global Recognition in Contact Center Awards

11 July 2008

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