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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Arrow Global Named UK Debt Purchaser of the Year
10 November 2011
Collection Agency Makes $4.3 Million Debt Cancellation Deal with State Enforcement Office
9 November 2011
Portfolio Recovery Associates Wins Award for Business Excellence and Community Involvement
9 November 2011
ARM Industry $3,000 Short for Vets, Two Days Left in Drive
9 November 2011
Encore Capital Group Announces the Closing of the Public Offering of Common Stock by Selling Stockholder
9 November 2011
Jefferson Capital Systems Announces Senior Secured Debt Financing From The PrivateBank
8 November 2011
EOS Group Acquires Canadian Debt Collection Agency NCN
8 November 2011
Executive Change: Rob Yarmo to Harvest Strategy Group as SVP
8 November 2011
Weekly Wrap-Up Podcast - Week of October 31
5 November 2011
The Round-Up: Encore Capital Investor Making Good Money on Sale
4 November 2011
Encore Capital Group Announces Pricing for Public Offering of Common Stock by Selling Stockholder
4 November 2011
"Return of the Billionaire Huckster" on Forbes.com (Spoiler: it's Bill Bartmann)
3 November 2011
Asset Acceptance Income Slips in Q3, Closes Office, Updates on FTC Action
2 November 2011
Claims Compensation Bureau Leverages Capital to Expand Claims Purchasing Service
2 November 2011
Setting the Record Straight: Bad Local Press for Collection Agencies
2 November 2011
State Suspends ARM Firm's License; Company Responds
1 November 2011
Local, State and Federal Government Debt Collection: An Industry Primer from insideARM.com
1 November 2011
Iraq War Vet Shares Story; Urges ARM Industry to Support Military Veterans
1 November 2011
Large European ARM Firms Announce Third Quarter Results
31 October 2011
Debt Buyer Cavalry Responds to State Action; Vows to Defend
30 October 2011
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