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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Collection Agency Layoffs Reach Highest Level of Downturn in Q2

17 August 2009

With the Economy Still on Life Support, How are Your Recoveries?

14 August 2009

Debt Buyer to Pay $150,000 in Class Action Settlement

14 August 2009

Creditors to Meet with Prospective Agencies and Debt Buyers at Debt Connection Symposium and Expo 2009

13 August 2009

ACA Supported Legislation Introduced in U.S. House

11 August 2009

Key Figures Download on FTC Discussion on Process Servers and Legal Collection Issues

11 August 2009

ACA International Offers Insight at FTC?s Debt Collection Workshop

11 August 2009

So, Where?s the New Money?

10 August 2009

FTC Collection Litigation Roundtable Sees Lively Debate on Legal Issues

7 August 2009

Debt Collector Registry and Dispute Resolution Proposal May Alienate Prominent ACA Affiliate

6 August 2009

Distressed Debt Acquisition Firm Announces Investor Commitment for its 10 million dollar Limited Partnership

5 August 2009

Debt Buyer Asta Funding Swings to Profit in Latest Quarter

5 August 2009

Asta Funding, Inc. to Report Third Quarter 2009 Results

31 July 2009

Encore Capital Reports Solid Quarter and Two New Senior Execs

31 July 2009

Asset Acceptance Reports Difficult Quarter, Plans for Future Growth

31 July 2009

Credit Account Management Launches Online Client Reporting Suite

30 July 2009

Portfolio Recovery Posts Rise in Revenue, Income and Collections in Q2

30 July 2009

ARM Firms Still Dealing With Weak Performance: Survey

29 July 2009

Debt Portfolio Registration Services Fill an Operational and Regulatory Gap

22 July 2009

Encore Capital Group, Inc. to Announce Second Quarter 2009 Results on July 30

21 July 2009

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