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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Acumen Insurance Services Expands Advisory Board With Addition of Two Leading ARM Executives
14 December 2011
Norman R. Sorensen Joins Encore Capital Group Board of Directors
14 December 2011
Missouri Supreme Court Declines to Hear AG's Appeal of Lawsuit Against Portfolio Recovery Associates
12 December 2011
Portfolio Recovery Associates Honored With Corporate Volunteer Excellence Award
8 December 2011
ARMing Heroes Recognizes Top Donors
7 December 2011
Encore Capital Group Launches Consumer Credit Research Institute
5 December 2011
Winners and Rankings Announced for the 2011 Best Places to Work in Collections
5 December 2011
The Round-Up: Debt collector likens title company's action to blackmail
2 December 2011
Executive Change: CMAX NDSE Names Laura R. Jensen VP of Business Development
30 November 2011
Executive Change: Gary Beet Joins Liberty Acquisitions Executive Team
29 November 2011
Sharing Thanks and Thanksgiving Wishes
23 November 2011
Debt Collectors (Don't) Want to Send Debtors to Prison
23 November 2011
Portfolio Recovery Associates Launches PRA Professional Services, LLC
21 November 2011
ARM Industry Donations Top $27,000 for Military Veterans
17 November 2011
NCO Group Third Quarter Loss Narrows on Revenue Increase
15 November 2011
Asset Acceptance Grants a Child's Wish through its Annual Community Fundraiser
15 November 2011
The Round-Up: ACA Announces First Asset Buyer Executive Designee
15 November 2011
Asset Acceptance Capital Corp. Announces New Credit Facility
15 November 2011
Weekly Wrap-Up Podcast - Week of November 7
12 November 2011
insideARM.com Publishes Debt Settlement White Paper
10 November 2011
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