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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Intrum Justitia Acquires Billing and Payment Services Provider in Netherlands

13 January 2012

Are These the Best Practices in Collector Compensation?

11 January 2012

Javlin Capital Enters Relationship with Galaxy Asset Purchasing for Charged-off Receivables

10 January 2012

ARM Industry Association Responds to Collector-Bashing Article

4 January 2012

Asta Funding Announces New Joint Venture in Personal Injury Financing

4 January 2012

National Media Spends Holiday Bashing Debt Collectors

3 January 2012

BBB Chapter Releases Report on Debt Collectors

3 January 2012

Asta Funding Announces New $20 million Discretionary Credit Facility

3 January 2012

Encore Capital Group Announces Final Resolution with Texas AG's Office

23 December 2011

Unifund Understands and Helps a Distressed Economy

23 December 2011

U.S. Bancorp Acquires $700 Million Credit Card Portfolio from B of A Unit

22 December 2011

How Can Debt Collection Agencies Deal with a Negative News Story?

21 December 2011

SquareTwo Financial Expands Operations Department, Prepares for Continued Growth in 2012

20 December 2011

Portfolio Recovery Associates Announces Partnership With Financial Education & Literacy Advisers

19 December 2011

Intrum Justitia to Shut Down Operations in Latvia and Lithuania

19 December 2011

ACA Board of Directors Approves New Governance Structure

16 December 2011

Executive Change: CMAX Names Liliana Shields VP of Finance

15 December 2011

Asta Funding Reports Increase in Income for Fiscal Fourth Quarter and Full Year 2011

14 December 2011

PRA's Judith Scott Named to Virginia Business Legal Elite

14 December 2011

Persolvo Data Systems Launches Next Generation System Designed to Locate, Analyze and Settle Consumer Debt Accounts

14 December 2011

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