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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Investors Sell Debt Buyers' Stock as Economy Declines

29 May 2008

Velocity Reports 24% Rise in Net Income

27 May 2008

Asta Funding to Host Investor Day

23 May 2008

Asset Acceptance Says Largest Shareholder May Sell 11 Million Shares

23 May 2008

Debt Buyer Velocity Asset Management to Delay Quarterly Report

21 May 2008

Asta Funding Reports Quarterly Loss on $35 million Impairment Charge

20 May 2008

NCO Group Reports First Quarter Loss on Acquisition Expenses

19 May 2008

Portfolio Recovery Drops Anchor, Shifts Staff

16 May 2008

Marion Financial Corp. Awards Two ARM Scholarships

15 May 2008

Asta Funding to Delay Quarterly Report

15 May 2008

Collection Agencies, Debt Buyers are PCI Security Hot Spots

13 May 2008

Portfolio Recovery Associates Increases Bank Credit Line to $340 Million

12 May 2008

FirstCity Loss Widens

12 May 2008

UK Debt Sales Could Rise to $17.6 Billion This Year

12 May 2008

Citigroup Likely to Peddle UK's Cabot as Part of Asset Sale

12 May 2008

UK Debtors Not Able to Settle in Full

9 May 2008

Debt Buyers Make Their Presence Known on Capitol Hill

8 May 2008

LifePoint Wary Economy Could Push Up Bad Debt

8 May 2008

FirstCity Unit American Business Lending Awarded SBA Preferred Lender Status

7 May 2008

Agencies Fighting Back Against Advance-Fee Fraudsters

7 May 2008

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