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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Executive Change: Portfolio Recovery Associates Appoints Mike Pelone President, Government Services

17 November 2010

New Funding Primes UK Debt Buyer Lowell Group for Further Success

17 November 2010

Portfolio Recovery Associates Wins Award for Business Excellence and Community Involvement

9 November 2010

Mecox Bay Financial Expands Debt Buyer Finance Program

8 November 2010

Portfolio Recovery Named to Forbes 2010 List "100 Best Small Companies in America"

5 November 2010

FirstCity Financial Will Host its Third Quarter 2010 Conference Call on November 9

4 November 2010

Asset Acceptance Sees Gains in Collections, Revenue, Income in Q3; Debt Buying Up

3 November 2010

Portfolio Recovery Associates Reports Big Jumps in Collections, Revenue and Profit in Q3

28 October 2010

Encore Capital Group Announces Increases in Collections, Revenue and Income in Q3

27 October 2010

Intrum Justitia Reports Higher Earnings in Q3 on Decline in Revenue

26 October 2010

Executive Change: Portfolio Recovery Associates Appoints Elizabeth Shumadine VP, Biz Dev

26 October 2010

Intrum Justitia Welcomes Vote on Revised Late Payment Directive

25 October 2010

Better Business Bureau Changes Ratings Methodology, Benefiting Debt Collectors

25 October 2010

Managing Employee Risk in a Social Media World

22 October 2010

Portfolio Recovery Associates to Announce Third Quarter 2010 Results on October 27

22 October 2010

ACA International Responds to CNN's "Almighty Debt" Program

22 October 2010

ARMing Heroes Stuck at 58% of Goal; DBA International Pitches In

21 October 2010

TV Spotlight Shines Bright on Debt Collectors This Week

20 October 2010

Global Debt Registry Response to Obama Administration's Call for a Solution to Mortgage Industry Crisis

19 October 2010

Global Debt Registry Announces New Wilmington, Delaware Headquarters

18 October 2010

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