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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To Attend or Not to Attend? That is the Question
31 October 2008
Debt Buyer LINK Financial Forms £250 million Partnership
31 October 2008
Leading Debt Portfolio Broker Announces Record Quarter
31 October 2008
Debt Buyer Portfolio Recovery's Income Slips in Q3; Encore Capital's Falls
30 October 2008
Sallie Mae ARM Unit Posts Loss, Sells UK Debt Buying Operation
29 October 2008
Cabot Financial Wins ?Debt Purchaser Of The Year? Award in UK
27 October 2008
Intrum Justitia Reports Big Jump in Revenue and Debt Buying
24 October 2008
West Virginia AG to Cancel $6.6 million in Card Debt in Settlement with Debt Buyer
23 October 2008
West ARM Unit Reports Drop in Revenue in Quarter
23 October 2008
Convoke Systems, Inc. Receives PCI Compliance Certification
22 October 2008
Debt Buyer Small Business Card Study Announced by The Debt Marketplace
22 October 2008
US Debt Buyer to Offer Perspective at UK ARM Conference
22 October 2008
ASK THE EXPERTS: Preparing Your Collection Agency for Sale
21 October 2008
Phoenix-CRMC Speaks at the Ontario Society of Collection Agencies Annual Conference
20 October 2008
Encore Capital to Announce Third Quarter 2008 Results on October 28
17 October 2008
$28 Million FTC Settlement with Bear Stearns/EMC Mortgage has Significant Impact on ARM Industry
16 October 2008
Nomination Committee for Intrum Justitia AB
16 October 2008
M&A Activity in the Debt Collection and ARM Industry Holds Steady through Q308
15 October 2008
IDT Debt Buying Operation Struggles in Latest Quarter
15 October 2008
FirstCity Financial Completes Purchases Under Stock Repurchase Plan
14 October 2008
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