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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Minnesota AG Finally Gets to File the Debt Collection Suit She's Always Wanted
23 May 2011
European Written-off Debt Reaches $437 billion
23 May 2011
Asset Acceptance Delays Pursuit of New Senior Secured Credit Facilities
18 May 2011
Executive Change: Portfolio Recovery Names Don Redmond VP of Government Relations
17 May 2011
Proposal Could Minimize Role of Debt Buyers in ACA International
16 May 2011
SquareTwo Chairman Named to University of Denver's Daniels College Of Business Executive Advisory Board
16 May 2011
What Type of Buyer Makes the Most Sense for My Business?
13 May 2011
ACA International Announces New CEO
13 May 2011
SquareTwo Financial Announces First Quarter 2011 Results
12 May 2011
Want a Shot at Hiring Oprah or Warren Buffett?
11 May 2011
Collection Agency Kruk Debuts on Warsaw Stock Exchange
11 May 2011
Asta Funding Announces Flat Earnings and Revenue in Latest Quarter
10 May 2011
Best Places to Work in Collections 2011 Program Kicks-Off
10 May 2011
Creditmax Secures Credit Facility to Expand Lending Capabilities
10 May 2011
Don't Gamble on the Sale of Your Business Unless You Have To
9 May 2011
Portfolio Recovery Associates Reports Record First Quarter 2011 Results
6 May 2011
Accelerated Financial Ranks #26 on Virginia Chamber of Commerce List of 50 Fastest Growing Companies
6 May 2011
Adjusted EBITDA: Using Add-Backs to Maximize Your Company's Enterprise Value
5 May 2011
Executive Change: Providence Dane, LLC Appoints Patrick J. Swanick as Senior Advisor
5 May 2011
Asta Funding to Report Second Quarter and Six Months Results of Fiscal Year 2011 May 10
4 May 2011
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