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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Experian Launches Comprehensive Suite of Collections Capabilities
17 November 2008
Credit Crunch Impacting Burgeoning Medical Receivables Market
14 November 2008
NCO Group Loses $26.5 million in Q3 on Impairments and Restructuring
14 November 2008
Conifer Health Solutions Could Reshape ARM Industry, Competitive Landscape
11 November 2008
Debt Buyer FirstCity Reports Third Quarter Loss
11 November 2008
Debt Buyers Discuss Falling Portfolio Prices and Funding at Forum
10 November 2008
The Receivables Exchange Welcomes Cedar Lane as a Buyer of Entertainment Receivables
10 November 2008
Medical ARM Market to Grow, Even Under Universal Healthcare: Analyst
7 November 2008
Executive Change: Juan Carlos Gonzalez Named Head of Aktiv Kapital's Spanish Operation
6 November 2008
EXCLUSIVE: Tenet Spins Off ARM and Communications Business
6 November 2008
Radian Swings to Profit in Q3; Sherman Stake Contributes $16 million
5 November 2008
Streamline Capital Designates Portfolio Management Group as Exclusive Sales Agent
5 November 2008
Executive Change: CEO Michael Wolf Leaves Intrum Justitia
5 November 2008
Higher Government Deficits Leading to Opportunities for ARM Companies
5 November 2008
VIDEO INTERVIEW: Craig Grube, Portfolio Recovery Associates
4 November 2008
Asset Acceptance Posts Profit on Lower Impairments
4 November 2008
Executive Change: Najib Nathoo Named CEO of 1st Credit Ltd
4 November 2008
Aktiv Kapital Reports Lower Earnings, Revenue in Quarter
3 November 2008
Executive Change: Kim Lillie to LDG Financial Services as VP, Marketing
3 November 2008
Executive Change: James Rossini to The Receivables Exchange as Security Director
3 November 2008
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