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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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Executive Change: Edwin "Skip" Herbert to Asset Acceptance

22 December 2006

Resources for New Debt Buyers

21 December 2006

Debt Statute of Limitations

20 December 2006

Executive Change: Jody Jimerson to B-Line, LLC

19 December 2006

Franklin Credit Announces Additional Reductions in Borrowing Costs

19 December 2006

Executive Changes: TDX Group Expands Senior Team

18 December 2006

TNB Acquires Five Credit Union Card Portfolios

18 December 2006

Executive Change: Doug Richardson and Hamsi Shankar to Hudson & Keyse

18 December 2006

Hospital Companies Weighed Down by Bad Debt

18 December 2006

Interview: Bud Reitzel, Founder of Asset Acceptance

17 December 2006

CAMCO Saga Ends with $1 million FTC Settlement

17 December 2006

FDCPA Gets New Industry-Approved Amendments

17 December 2006

City Facing Backlash Over Business Tax Collection

17 December 2006

Billion-Dollar Companies Top Collection Agency and Debt-Buyer Industry Rankings

15 December 2006

Buyer Beware: A Word of Caution to Debt Purchasers

14 December 2006

Unsecured Creditors - Challenges after Bankruptcy Reform

14 December 2006

Holiday Reflections and the Debt Buying Market

14 December 2006

20 Sure Fire Ways to Lose Money, and Get Sued

14 December 2006

Liquidation Rates Can be Higher

14 December 2006

The Importance and Availability of Media in a Portfolio

14 December 2006

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