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