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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TDX Group Launches Debt Resale Services

8 December 2006

Nearshore Receivables Management, Inc. Launches Operations in Mexico

8 December 2006

Goldman Sachs Buys Stake in Russian Collection Agency

8 December 2006

Debt Collection Named as One of Top 10 Home-Based Businesses for 2007

8 December 2006

2006 ARM M&A Deal Value on Course to Double Last Year?s Record

8 December 2006

Velocity Asset Management Announces Increases in July and August Year-Over-Year Collections

8 December 2006

Kaulkin Ginsberg: Healthcare Industry Sets Aside $129 Billion Annually to Cover Bad Debt

8 December 2006

An Exclusive Interview: Jill Thomas, Big Winner

8 December 2006

Inc. 500 Debt Purchaser/Collector Names Replacement for CEO

8 December 2006

Portfolio Recovery Looking to Open New Call Center in Tennessee

8 December 2006

MBT Financial Corp. Announces Sale of Non Performing Loans

8 December 2006

PNC to Sell $2 billion in Loans

8 December 2006

Indiana Hires Three Collection Agencies to Go After $1.9 billion

8 December 2006

Debt Purchaser Joins Forces with WebBank for Consumer Lending and Credit Card Opportunities

8 December 2006

B-Line Acquired by Lone Star Funds

8 December 2006

Intrum Justitia Restructures its English Field Operations

8 December 2006

Commercial Collection Agency Claims Tripling of Recovery of Delinquent Account Dollars

8 December 2006

FTC Stops Nationwide Debt Negotiation Scheme

8 December 2006

Collection Agency Founder Sells $2.75 million Stake in Firm

8 December 2006

Baycorp Advantage Changing Name after Collection Unit Sale

8 December 2006

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