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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Portfolio Recovery Associates to Announce First Quarter 2009 Results on April 28, 2009
20 April 2009
Encore Capital Group Sets Dates for First Quarter 2009 Results and Upcoming Investor Day
17 April 2009
NYC Collection Law Could Signal Problems for the ARM Industry
17 April 2009
Intrum Justitia Statement on Outlook for Operations in United Kingdom and Ireland
16 April 2009
ACA Launches Consumer-Focused Web Site to Help Answer Tough Financial Questions
15 April 2009
Diversified Consultants Recognizes Interactive Data for Superior Service in Creating Massive ROI in the Recovery Process
13 April 2009
Developer of Credit and Collection Software has Upgraded to RDM Server 8.1
10 April 2009
Collector's Challenge Month in Full Swing at Many ARM Firms
10 April 2009
FTC Deadline for Red Flag Rule Compliance Nears for ARM Professionals
9 April 2009
Executive Change: Collect America, Ltd. Names Paul A. Larkins President
9 April 2009
Interactive Data LLC Receives Prestigious ISO 27001:2005 Certification
8 April 2009
Outreach Efforts Help Score Win for ACA and its Members in Card Check Battle
7 April 2009
Executive Changes: Two American Debt Sales Partners Leave to Start Own Shop
7 April 2009
Ford Debt Repurchase Positive but Liquidity Remains a Concern
6 April 2009
Kaulkin Ginsberg Launches Search Tool Specifically for the Debt Collection Community
3 April 2009
Asset Acceptance Eliminates Executive Position: VP of Strategy and Analysis
3 April 2009
Additional Session Announced for Recovery Management Strategies & Techniques Class
2 April 2009
NCO Group Reports 2008 Results
1 April 2009
Q109 M&A Activity in the Accounts Receivable Management Industry Led by Industry Buyers and Veterans
1 April 2009
Debt Buyer FirstCity Financial Reports $47 million Loss in 2008
31 March 2009
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