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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Taxpayer Protections as IRS Private Collections Begin

8 December 2006

Collection Law Firm Wins "Family Friendly Workplace" Award

8 December 2006

Russian Consumer Lender Prepares Massive Debt Portfolio Sale

8 December 2006

Credit Counseling Association to Unveil IRS Training Program at Conference

8 December 2006

American Capital Invests in Recapitalization of Medical Billing and Collection Firm

8 December 2006

MRS Associates Opens New Call Center in New Jersey

8 December 2006

Japanese Collection Agency Going Public

8 December 2006

Columbia Ultimate Partners with DANTOM Systems

8 December 2006

CLARIFICATION: United Recovery Systems Receives Two Agency of the Year Awards

8 December 2006

Bankruptcy Filings and Public Companies Weigh on ARM Industry Index

8 December 2006

First Annual Debt Connection Symposium Viewed as Success

8 December 2006

Industry Black Tie Event Raises $115,000 for Children's Hospital of Orange County

8 December 2006

United Recovery Systems Receives Two Agency of the Year Awards

8 December 2006

City Turns to Collection Service for Bad Checks

8 December 2006

National Recovery Agency receives SAS 70 Audit Certification

8 December 2006

Snooping Into Phone Records Common Practice

8 December 2006

State Attorney General Settles with Credit Counseling Scammers

8 December 2006

Justice Department Awards Accenture $54 million Debt Collection System Contract

8 December 2006

Boston Globe: "Debt Collectors Hunt the Innocent"

8 December 2006

Collection Industry Gears Up for National Credit Education Week 2006

8 December 2006

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