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 Suing Encore Capital Group
28 March 2011
Asset Acceptance Promotes Environmental Awareness with B-Green Day Initiative
24 March 2011
Encore Capital Group Launches ARM Industry-First Consumer Bill of Rights
22 March 2011
Portfolio Recovery Associates Celebrates 15 Years; Rings Opening NASDAQ Bell
22 March 2011
Secondary Demand for Medical Receivables Portfolios: A Growing Market
18 March 2011
Unifund Partners with NAFCU Services Corporation to Offer Delinquent Debt Liquidation Options
15 March 2011
Encore Capital Group Announces Exercise of Underwriter's Over-Allotment Option From Selling Stockholders' Shares
14 March 2011
An Invitation to Support Wes Schiffler, One of ARM's Best
11 March 2011
Encore Capital Group Announces the Closing of the Public Offering of Common Stock by Selling Stockholders
7 March 2011
Asset Acceptance Reports Narrower Loss in Q4 and Full-Year 2010
4 March 2011
DBA International Golf Outing Raises Tens of Thousands for Autism Speaks
2 March 2011
Encore Capital Group Announces Pricing for Public Offering of Common Stock by Selling Stockholders
1 March 2011
ACA and DBA Cook Up Milquetoast Guidelines for Debt Buyers
25 February 2011
Aktiv Kapital Reports Higher Profit in Q4
24 February 2011
Stellar Recovery Announces New Financing Partnership to Fund Debt Purchases
23 February 2011
Executive Change: Lowell Group Appoints Business Development Director
22 February 2011
Executive Change: Bruce Taylor to Runci Group as Director of Ops
22 February 2011
Debt Purchaser Portfolio Recovery Posts Record Financial Results to End 2010
16 February 2011
Debt Buyer Encore Capital Reports Huge Q4 and 2010; Discusses Lawsuit Settlement
15 February 2011
Court Ruling Increases Requirements for Debt Collection Lawsuits
10 February 2011