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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Large UK Debt Buyer Looking to Get Even Larger
29 June 2012
California Committee Approves Fair Debt Buyers Practices Act
28 June 2012
The One Simple Secret to Better PR for Collection Agencies
28 June 2012
Two Debt Buyers Join Russell Indexes
27 June 2012
Executive Change: SquareTwo Financial Names Judy Messenbrink Chief Compliance Officer
26 June 2012
Debt Settlement Rises in ARM Industry as Operations Become Automated
21 June 2012
FTC Data: Most Collection Agencies Receive Only One Complaint per Month
20 June 2012
ARM Industry Helps Wounded Vet "Come Home Just a Little Bit More"
20 June 2012
SquareTwo Financial Canada Named One of Canada's Fastest-Growing Companies
19 June 2012
Debt Collection Stocks Enjoying a Pretty Good Quarter
15 June 2012
European ARM Firm Intrum Justitia Expands Long-term Borrowing Capacity
14 June 2012
Debt Buyer Asta Funding Posts Quarterly Cash Dividend of $0.02 Per Share
13 June 2012
Executive Change: Encore Capital Group Names Carl Eberling SVP and CIO
12 June 2012
How a Sunday Afternoon Phone Call Saved a Collection Agency's National Reputation
7 June 2012
West Virginia AG Announces Settlements with Five Debt Collection Agencies
6 June 2012
Debt Buyer Encore Capital Group to Ring NASDAQ Closing Bell
6 June 2012
Debt Buyer Asta Funding Repurchases 1 million Shares in Private Deal
5 June 2012
SquareTwo Financial Announces Launch of New Florida Partner, Federated Law Group
30 May 2012
Debt Buyer Encore Capital Group Named San Diego's Healthiest Large Company
25 May 2012
American InfoSource Acquires Bankruptcy Servicing Business from Encore Capital Group
17 May 2012