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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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Lowell Group Scoops Third National Award In Six Months

10 July 2008

Debt Buyer LINK Financial Opens New Operational Site in Dublin

9 July 2008

2008 M&A Activity in the Debt Collection Industry on Target to Exceed 2007 Results

9 July 2008

Collection Industry Analysts Slightly Bearish on Second Half Economy

9 July 2008

Asset Acceptance Shares Slide on Analyst Downgrade

9 July 2008

Executive Change: Lowell Group Appoints Bob Collins Director of Compliance

8 July 2008

Encore Capital Expands Credit Facility to $335 million, Adds Three Lenders

8 July 2008

Executive Change: AHC Names Patrick Lutz as President

7 July 2008

Intrum Justitia's Norwegian Subsidiary Regains Collection License

1 July 2008

Executive Change: David Laman Named President of Allied Data Corporation

30 June 2008

Security Holdings Sells its Security Check Collections Division

27 June 2008

The Moore Law Group to Acquire the Collection Department of Bidna & Keys

26 June 2008

US House Passes Gramm-Leach-Bliley Relief for Debt Buyers

26 June 2008

Portfolio Recovery Associates to Acquire Government Collector for $29 million

25 June 2008

TNB Card Services Adds $4 Million in Card Balances from Credit Union Card Portfolios

24 June 2008

ARGYLE Solutions and Equicare Capital to Merge Brands

24 June 2008

Executive Change: Atlantic Credit & Finance Names John Harvey as Chief Information Officer

20 June 2008

Portfolio Recovery Fee for Service Business Thriving Despite Anchor Loss

20 June 2008

Portfolio Recovery Associates to Present at William Blair Growth Stock Conference

18 June 2008

Intrum Justitia Completes 250,000 Share Repurchase

16 June 2008

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