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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Collection Agency Getting Paid by Issuing Credit Cards

6 May 2008

Asta Funding Gets Loan from Controlling Stern Family; Shares Tank

2 May 2008

Encore Capital Reports Higher Collection, Revenue and Earnings

1 May 2008

Asset Acceptance has Good Q1; Will Outsource More to Collection Agencies

30 April 2008

Executive Change: Henry J. Ostoja joins Security Credit Services

29 April 2008

Portfolio Recovery Posts Lower Earnings, Higher Revenue in Q1

29 April 2008

First Financial Network to Sell $6 Million Loan Portfolio

28 April 2008

Outlook for M&A for Small and Mid-Sized Agencies

25 April 2008

Collect Canada Hosts First Annual Alliance Summit

25 April 2008

Schacter Strikes Out on Own, Announces Major Portfolio Purchase

25 April 2008

ACA in Renewed Push for Consumer-Focused Credit Education Week

24 April 2008

New York Times Explores Indian Debt Collection Outsourcing

24 April 2008

PR - Charity Gala Challenge Announced for DCS 2008

23 April 2008

European Collection Agency Intrum Reports Strong First Quarter

23 April 2008

PR - Industry Choice Awards Announced for DCS 2008

21 April 2008

WAM to Reduce Debt Buying in 2008 Over Funding Flap

18 April 2008

Debt Buyer and Collection Agency WAM Takes a Hit in First Quarter

17 April 2008

Sallie?s Collection Unit Falters as Company Feels Pressure

17 April 2008

MP Star Financial Joins Receivables Exchange

14 April 2008

PR - DebtX to Sell $218 Million in Residential and Real Estate Loans

11 April 2008

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