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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TNB Purchased 21 Credit Union Card Portfolios in 2006

22 January 2007

ARM Industry Vets Launch New Public Debt Purchaser

22 January 2007

First Financial Asset Management Lands 12 Month Forward Flow

18 January 2007

Debt Resolve, Inc. Announces New Director

17 January 2007

Debt Purchasers Announce Forward Flow Joint Venture

17 January 2007

Debt Purchaser Forms Sister Company to Raise Outside Capital

15 January 2007

ARM Business Planning for 2007

12 January 2007

Portfolio Recovery CEO Sells Shares in Planned Transaction

11 January 2007

Debt Resolve Purchasing Arm Acquires First Debt Portolios

11 January 2007

NCO Group Unit Acquires Australian Collection Agency

11 January 2007

Predictions for 2007; What’s Next for ARM?

10 January 2007

Debt Resolve Files Patent Infringement Lawsuit

10 January 2007

Debt Resolve to Launch Campaign in the UK/Europe

9 January 2007

Jorge Todeschini Wins Referral Contest

8 January 2007

AP Runs Story on Surging Debt Portfolio Prices

5 January 2007

Corstone Capital Purchases $260 million Loan Portfolio from Chinese Bank

4 January 2007

Debt Resolve Announces $20 million Facility for Debt Purchasing

3 January 2007

ABN AMRO Sells $1.3 billion in Bad Commercial Loans

3 January 2007

Executive Change: John Stewart to Lowell Group

3 January 2007

Changes Announced in Top Leadership at WAM

22 December 2006

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