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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ARM Industry Continues Efforts to Clarify New York City Rules
4 May 2010
Sherman Financial Buys Remaining Stake in Itself for $172 million
4 May 2010
The Sagres Company Returns to Distressed Debt Fund Managment
4 May 2010
Executive Change: SquareTwo Financial Names William Weeks Senior VP, CIO
4 May 2010
Why the Courts are Currently an ARM Battleground
3 May 2010
Aktiv Kapital to Acquire $115 million Debt Portfolio in UK
3 May 2010
Executive Change: Asset Acceptance Names Reid E. Simpson Chief Financial Officer
30 April 2010
Asset Acceptance Stays in the Black in the First Quarter; Discloses FTC Action
30 April 2010
Lease Restructuring -- A Tactic For Survival During a Lingering Recession
29 April 2010
Aktiv Kapital Reports Rough First Quarter as it Focuses on Operations
29 April 2010
Executive Change: Anthony Azizeh to VION Receivable Investments as Senior Financial Analyst
28 April 2010
SquareTwo Financial Receives Positive Credit Rating
28 April 2010
Debt Buyers Report Huge Earnings in First Quarter
28 April 2010
FDR Asset Recovery Group Announces Partnership With Flock Advisors for Debt Buying Funds
27 April 2010
FDCPA and Other Consumer Rights Lawsuit Statistics for April 1-15
27 April 2010
Financial Reform Blocked in Senate...For Now
27 April 2010
Strong Performance Reported by Agencies in First Quarter
26 April 2010
Presentation of Aktiv Kapital's First Quarter 2010 Results April 29
26 April 2010
California Collectors Amend Bylaws to Allow Choice of ACA Membership
23 April 2010
Appeals Court Ruling in Debt Buying FDCPA Case ?All Over the Map?
22 April 2010