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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Understanding the Shift Toward Consumers in the ARM Legal Landscape

2 December 2009

Executive Change: Caroline Cooper Hired As Customer Relations Manager at Lowell Group

30 November 2009

CarVal and West Asset Management Resolve Legal Dispute

25 November 2009

Executive Change: Asset Acceptance Capital Corp. Announces Appointment of New Vice President of Collections

24 November 2009

ARM Industry Trade Groups Weigh in on Debt Buyer Sentencing

24 November 2009

Customer Solutions Online Launches CSO Portfolio Manager, Integrated Scoring and Collection Management System

24 November 2009

Ukrainian ARM Firm Credit Collection Group Announces Large Debt Purchase

23 November 2009

Former Debt Buyer Sentenced to Six Years in Prison for Fraud

17 November 2009

NCO Group Narrows Net Loss to $24 million in Third Quarter

16 November 2009

Settlements, Payment Arrangements Becoming the Norm in ARM Industry

13 November 2009

ARM Firm EOS Group Receives

11 November 2009

Debt Collection Agencies More Optimistic About Future

10 November 2009

Cavalry Portfolio Services Unveils New Online Payment Center

9 November 2009

ACA Defends Self-Regulatory Proposal for Debt Collection Industry

9 November 2009

Greenfish Fund Purchases Another Large Medical Debt Portfolio

6 November 2009

Lowell Group Tops Charts in OC&C Credit Management and Debt Collection Index

6 November 2009

Debt Purchasing Takes Center Stage at ACA International Fall Forum

6 November 2009

ACA International Board Halts Plans for Self Regulation in Collection Industry

5 November 2009

The Receivables Exchange Stands Ready to Assist Small Businesses Searching for Alternative Financing in Wake of CIT Bankruptcy Filing

4 November 2009

Comtech Systems Partners with Service Exchange Network On Debt Collection Process Serving

4 November 2009

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