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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Executive Change: Rob Munroe to The Judgment Group as VP Portfolio Sales
9 December 2008
NCO Group to Pay Texas $250,000 in Collection Settlement
8 December 2008
Contrax Systems to Launch Intelligent Desktop Stratification and Liquidation Modeling System
5 December 2008
insideARM Announces 2008 Best Places to Work in Collections
4 December 2008
Strong Start to the Holiday Shopping Season. A Good Sign for Recoveries?
3 December 2008
Debt Settlement Association Pushing for Regulation, Standardization
3 December 2008
OneClick-Data Now Offers Place of Employment Searches
3 December 2008
Executive Change: Mark Eichler Joins NLEX Management Team
3 December 2008
Intrum Justitia Acquires Two French ARM Firms
2 December 2008
FDIC Eases Rules on Failed Bank Asset Purchases
1 December 2008
'Tis the Season To Take a Hard Look at Your P&L
1 December 2008
London Scottish Bank Fails; ARM Unit Fate Unclear
1 December 2008
SoundBite Communications Named an 'Innovator' by Bank Technology News
25 November 2008
Executive Change: Neil Kendall to Lowell Group as IT Project Manager
25 November 2008
Collins Financial Services Secures Debt Financing to Support Growth
25 November 2008
VIDEO INTERVIEW: Donna Meier, Asset Acquisition Group
20 November 2008
Cabot Financial Mans the Phones for Children In Need
20 November 2008
Managing Collection Processes in Uncertain Credit Markets
18 November 2008
Collection Agencies Shifting Strategies in Rough Economy: Survey
18 November 2008
Regulations Limit Scope of 36-Month Rule Relating to 1099-C Reporting: ACA
18 November 2008
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