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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Two Large ARM Firms Expand into Bigger Offices

9 August 2011

Asta Funding Reports Increase in Net Income in Most Recent Quarter

4 August 2011

Encore Capital Reports Gains in Income, Revenue and Collections in Q2

2 August 2011

ACA International Requests Comment on Governance Structure

2 August 2011

Portfolio Recovery Associates Continues Track Record of Hiring in the USA

1 August 2011

Asset Acceptance Reports Sharp Earnings Rise in Second Quarter

29 July 2011

Portfolio Recovery Breaks All Kinds of Records with Q2 Results

29 July 2011

Asta Funding to Report Third Quarter Results of Fiscal Year 2011 August 4

29 July 2011

Collection Agencies Having Tough Time Collecting, But Satisfying Clients

27 July 2011

VION Receivable Investments Purchases Land-Secured Loan Portfolio

27 July 2011

SquareTwo Financial Goes Live with Oracle Engineered Systems

26 July 2011

Executive Change: Kristin Dougherty to Unifund as VP of Sales and Marketing

22 July 2011

Maryland Freezes 900 Debt Collection Lawsuits

21 July 2011

Encore Capital Named to S&P SmallCap 600 Index

21 July 2011

Tennessee Representative Wants to Amend the FDCPA (and not necessarily in the industry's favor)

20 July 2011

Credit Card Debt Buying Market Showing Signs of Life

20 July 2011

Mark Neeb Confirmed as President of ACA International

19 July 2011

Executive Change: Encore Capital Appoints New Global Operations Vice President

19 July 2011

Portfolio Recovery Associates to Announce Second Quarter 2011 Results on July 28

19 July 2011

Blackford Capital Acquires Medical Debt Buyer Key Health Medical Solutions, Inc.

19 July 2011

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