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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ARM Deals Still Getting Done in Tough Times
2 February 2009
Consumer Credit At Risk On The Rise
2 February 2009
Beam4D Releases Latest Version of On-Demand Software at DBA International Conference
2 February 2009
Executive Change: Lars Wollung Assumes CEO Position at Intrum Justitia
30 January 2009
Debt Marketplace Launches Small Business Credit Card Survey
30 January 2009
Fair Isaac Introduces Newest, Most Predictive FICO Score to Market
29 January 2009
Atlantic Credit & Finance Honors Nations Recovery Center as its ?2008 Agency of the Year?
27 January 2009
Chemtura Enters into New U.S. Accounts Receivable Facility
26 January 2009
Convoke Systems Announces Platform to Improve Debt Validation and Recovery for Credit Issuers
26 January 2009
Cabot Launches ?Morgan Solicitors? as its In-House Litigation Department
23 January 2009
Medical Debt Sellers Looking for Buyers in Weak Financial Market
23 January 2009
Sallie Mae ARM Unit Posts Profit in Q4; Divests Int?l Debt Buying Unit
22 January 2009
VIDEO INTERVIEW: Wayne Harlock, Aktiv Kapital Canada
21 January 2009
VIDEO INTERVIEW: Wayne Harlock, Aktiv Kapital Canada
21 January 2009
Consumer Credit Counseling Service of Greater Atlanta Helps Record Number of People in 2008
20 January 2009
Mercantile Adjustment Expands Footprint with Acquisition
20 January 2009
European ARM Giant Aktiv Kapital Announces Reorganization; Cutting 15% of Jobs
20 January 2009
DebtX to Sell $252 Million in Loans
16 January 2009
Industry M&A Deals in 2009; Fasten Your Seat Belts!
15 January 2009
Former Portfolio Recovery VP Alleges Racial Discrimination in Lawsuit
13 January 2009
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