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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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LINK Financial Launches Brand Dedicated to Student Loan Servicing

10 October 2008

Aktiv Kapital Signs Collection Contract with Nordea

8 October 2008

Al Brothers Named DCS 2008 Debt Buyer of the Year

1 October 2008

Lowell Group Profits Top $36 million in Fiscal Year

30 September 2008

Two New ARM Businesses Launched in Canada

26 September 2008

FDIC Selects DebtX to Sell $424 Million in Loans

24 September 2008

CDIA Hosting Webinar For Debt Buyers and Third Party Collectors

24 September 2008

Growing Market for Medical Debt Paper Likely to Follow Financial Bailout

24 September 2008

Collection House Details Turnaround Year in Annual Report

22 September 2008

Radian Increases Stake in Debt Buyer Sherman Financial

19 September 2008

Debt Buyer Velocity Announces Filing of Registration Statement for Sale of Common Stock

18 September 2008

ACA to Introduce New Element to PPMS Program

17 September 2008

Tracking the Storm in Financial Markets ? What Will it Mean for ARM?

16 September 2008

Crown Asset Management Honored as One of America?s Fastest-Growing Private Companies

16 September 2008

Fox-Pitt Starts Coverage of Asset Acceptance, Portfolio Recovery

15 September 2008

Galaxy Asset Management and Carval Partner to Manage Investments In Consumer Loan Portfolios In the U.S.

11 September 2008

Portfolio Recovery Associates Expands Credit Agreement

9 September 2008

ARM Conference Raises $150,000 for Charity; Collection Awards Handed Out

9 September 2008

Executive Changes: IDT Carmel Holdings Appoints Collections Industry Veterans

5 September 2008

DebtX Offers CMBS Loan Pricing Data To Bloomberg Subscribers

4 September 2008

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