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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Persolvo Data Systems COO Teresa Dodson to Speak at DBA International Annual Conference

21 January 2010

Portfolio Recovery Associates Expands Its Hampton Call Center

21 January 2010

New ACA CEO Lays Out Agenda for ARM Industry

19 January 2010

Executive Change:Lowell Group appoints Head of External Recoveries

19 January 2010

Collins Financial Services Rebrands Company as Precision Recovery Analytics

19 January 2010

What?s in a name?

15 January 2010

H.I.G. Capital Completes Investment in TRAKAmerica

14 January 2010

FTC Asking for Detailed Portfolio Information from Debt Buyers

12 January 2010

MyGovWatch.com Lets Users Target Competitors

12 January 2010

New Year?s Resolutions for the ARM Industry

7 January 2010

Cogent Welcomes the Law Offices of Derrick E McGavic

6 January 2010

FTC Orders Buyers of Consumer Debt to Submit Information for Study of Debt Purchasing Industry

6 January 2010

Encore Capital Group Files Shelf Registration Statement

22 December 2009

Collection Industry Adding Jobs in Difficult Environment

22 December 2009

Portfolio Recovery Associates Attorney Appointed to Local Chamber of Commerce Board

18 December 2009

Experian and Convoke Systems Partner to Resolve Documentation and Chain of Title Needs for Collections and Recovery Industry

10 December 2009

Navigator Holdings Brings to Market a Subprime Automobile Loan Portfolio

8 December 2009

Executive Change: Lowell Group appoints Head of Strategic Projects

7 December 2009

Lots of Ideas at Final FTC Panel on FDCPA Reform

7 December 2009

Best Places to Work in Collections Winners for 2009

3 December 2009

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