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.
Filter by Location
Asta Funding Reports Rise in Net Income, Touts Balance Sheet Strength
9 February 2011
SoundBite Communications to Discuss the Importance of Proactive Customer Communications at DBA International Conference
8 February 2011
DBA International Responds to Consumer Advocates' Call to Restrict Debt Buyers
4 February 2011
Asset Acceptance to Host Fourth Quarter and 2010 Year-End Conference Call March 3
4 February 2011
Consumers Union Issues Scathing Report on ARM Industry
3 February 2011
Asta Funding to Report First Quarter of Fiscal Year 2011 Results February 9
3 February 2011
Portfolio Recovery Associates to Announce Fourth Quarter and Full Year 2010 Results on February 15
2 February 2011
Encore Capital Group to Announce Fourth Quarter and Full Year 2010 Results on February 14
1 February 2011
Global Debt Registry Recognized as Visa PCI DSS Validated Service Provider
1 February 2011
Executive Change: Thomas R. Sandler Joins SquareTwo Financial's Board of Directors
31 January 2011
Portfolio Recovery Associates Announces Consolidation of Government Services Under PRA Government Services, LLC
25 January 2011
Aktiv Kapital Canada to Expand Collection Agency Outsourcing Program
20 January 2011
Lowell Group Launches New 'Outsource to Sell' Option for Debt Portfolios
20 January 2011
Convoke Adopted by 15 of the Top Debt Buyers in the USA
19 January 2011
Executive Change: Lowell Group Appoints Steven Peacock Head of Quality
18 January 2011
Intrum Justitia Publishes Restated Historical Figures
17 January 2011
Cabot Financial Awarded City and Guilds Accreditation for In-House Training
17 January 2011
Executive Change: Stirling Capital Management Appoints Michael Woodyshek as Vice President
11 January 2011
Jan Stieger Named Executive Director of DBA International
10 January 2011
ARM M&A Deal Volume Flat in 2010, But Total Deal Value Increases Significantly
7 January 2011