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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Portfolio Recovery Associates Looks to Hire 150 for New Location

13 March 2007

CAMCO Exec Settles With FTC Over Debt Purchasing and Collection

13 March 2007

Getting the Word Out on Portfolio Purchases

12 March 2007

The Debt Marketplace Announces Next Buyer Seller 101 Class

8 March 2007

TNB Promotion Increases Credit Union Cardholders in Promotion

7 March 2007

TNB Purchases $16 Million Card Portfolio

6 March 2007

Asta Completes $6.9 billion Portfolio Purchase

6 March 2007

Healthcare Debt: Not Your Typical Portfolio

5 March 2007

Asset Acceptance Reports Slip in Income for 2006, Increase for Q4

1 March 2007

Encore Reports Earnings Drop in Q4 and Full-Year 2006

1 March 2007

Encore Capital Sale Off the Table; Share Repurchase Initiated

1 March 2007

Asset Acceptance to Close Two Offices

1 March 2007

Tenet Medical Accounts Sale Involved WAM, NCO, and CarVal

1 March 2007

Executive Change: Michael G. Carey to Debt Resolve Board

28 February 2007

Healthcare Debt Purchaser Voices Support for ACA Guidance on Medical Debt

28 February 2007

UK Debt Purchaser/Collector Donates Call Center Ops to Charity

27 February 2007

TNB Purchases $15 Million Card Portfolio from Credit Union

26 February 2007

ARM Economic Index Increases Moderately in 2006

21 February 2007

TNB Acquires $16 Million Card Portfolio

20 February 2007

Velocity Asset Management Reports Portfolio Acquisitions for Quarter, Year

20 February 2007

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