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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State Fines Debt Buyer Over Collection Lawsuits
27 August 2010
FDCPA and Other Consumer Rights Lawsuit Statistics, August 1-15
25 August 2010
What is Your "Plan of Attack"?
24 August 2010
Executive Change: Global Debt Registry Announces Mark Parsells as Executive Chairman
24 August 2010
New Strategic Partnership Brings ARM Industry Veterans Kristin Dougherty, Chris Della Ratta & Frank Woodhouse Together Again
24 August 2010
Final Changes Restricting Credit Cards will have Lingering Impact on ARM
23 August 2010
Bill Bartmann Enterprises Makes Inc. 500 List of America's Fastest-Growing Private Companies
23 August 2010
Sierra Group Compliance Signs Contact with United Collection Bureau to Launch ETHIcollect Compliance Program
20 August 2010
Aktiv Kapital Reports Flat Earnings in Second Quarter
19 August 2010
6 Ways to Create a Culture of Learning in a Collection Agency
19 August 2010
CreditMax Receives Growth Equity to Expand NDSE Consumer Debt Exchange
18 August 2010
Collection Agencies Maintain Growth Posture in Tough Economy
18 August 2010
Guest Blog: Let's Drive a Stake through the Heart(lessness) of Old Debt
17 August 2010
Current Market Conditions and the Next Wave of M&A, Collection Agency Mergers
16 August 2010
FTC Proposes Changes to Update and Improve Credit Reporting Notices
16 August 2010
Lowell Group Staff Complete Three Peaks Charity Challenge
16 August 2010
NCO Group Reports Wider Loss in Second Quarter
13 August 2010
Debt Collection Lawsuits Clogging the Courts, Indeed
12 August 2010
FDCPA and Other Consumer Rights Lawsuit Statistics, July 16-31
12 August 2010
The Receivables Exchange Reports 300% YTD Growth
11 August 2010
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