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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DebtX to Sell $105.5 Million Portfolio

2 March 2010

Executive Change: Portfolio Recovery Associates Names John Fain and John Fuller to Its Board of Directors

1 March 2010

Numbers from the ARM Industry?s First Virtual Trade Show

26 February 2010

Credit Card ARM Inventory to Remain Strong as Charge Offs Spike

24 February 2010

SIF Strategies Differ Between Collection Agencies and Debt Buyers

23 February 2010

Portfolio Recovery Associates Announces Closing of Public Offering and Exercise of Over-Allotment Option

23 February 2010

Bills Introduced in State Legislature Target Debt Buyers

22 February 2010

UK Debt Buyer Lowell Group Reports 20% Rise in Earnings in 2009

22 February 2010

State AG Settles Charges Against Three Debt Collection Agencies for $404,000

19 February 2010

Portfolio Recovery Associates, Inc. Announces Pricing and Increased Size of Public Offering of Common Stock

18 February 2010

Asset Acquisition Group, LLC Begins 2010 with $240MM Purchase

18 February 2010

Rising Strategic Mortgage Defaults Broadly Impacting Debt Collection Industry

18 February 2010

Portfolio Recovery Associates, Inc. Announces Public Offering of Common Stock

17 February 2010

Ask the Experts: Can SIFs Benefit My Agency?

16 February 2010

Research and Markets: Top Accounts Receivable Outsourcing Vendors, Black Book Survey Results

12 February 2010

Portfolio Recovery Fourth Quarter Net Income Up 17 Percent on Record Revenues

12 February 2010

Exhibitors Gearing Up as Curiosity Grows About Online ARM Expo

10 February 2010

How Do Collection Industry Employees Feel About their Employers?

9 February 2010

Glass Mountain Capital, LLC Strengthens Commitment to Delivering Unparalleled Recovery Results and Customer Care to Credit Issuers and Debt Buyers

9 February 2010

Oliphant Acquires Assets of Performance Capital Management

9 February 2010

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