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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Receivable Acquisition & Management Corporation Announces Portfolio Purchases
8 December 2006
National Loan Exchange, Inc. Announces 3rd Quarter Debt Purchasing Trends
8 December 2006
Lighthouse Consulting & Asset Management, Inc. Announces New Addition to Website
8 December 2006
State Attorney General Reaches Settlement with Debt Buyer
8 December 2006
Encore Capital Group Earnings Call scheduled for Nov 2
8 December 2006
West Corporation Completes Recapitalization
8 December 2006
Arrow Financial Closing Call Center, Cutting 200 Jobs
8 December 2006
Asta Owes Success to Consumer Debts
8 December 2006
Bankruptcy's Big Winners: The ARM Industry
8 December 2006
State AG Weighs in on State Student Loan Portfolio Sale
8 December 2006
Portfolio Recovery Associates to Announce Third Quarter 2006 Results on October 30, 2006
8 December 2006
One Of New Mexico?s Largest Credit Unions, Sells Credit Card Program to TNB Card Services
8 December 2006
Debt Sales Partners Site Upgraded to Support Additional Asset Classes
8 December 2006
West Corporation Reports Q3 Results, Including WAM Data
8 December 2006
Sagres Company Acquires $200 Million in Distressed Debt Portfolios in September
8 December 2006
Credit Unions Continuing to Sell Card Portfolios
8 December 2006
ARM Industry Index Sees Slight Surge in Latest Reading
8 December 2006
UK Bad Debt Firm Swallows Smaller Rival
8 December 2006
New Bankruptcy Law Leaves More Bad Debt For Asta To Collect
8 December 2006
Collection Law Firm Expands into Pennsylvania and New Jersey
8 December 2006
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