Debt Buying News RSS Feed

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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Skills World to Launch New Training Aid for Credit and Collections Industry

4 September 2008

Debt Connection Symposium: Medical Debt Sales on the Rise

4 September 2008

Runci Group Releases Runci Strats for Portfolio Stratification Reports

3 September 2008

The Receivables Exchange Hires Former Head of Sales for Lava Trading

2 September 2008

Personal Income Gains Tamped Down by Inflation, Unemployment

2 September 2008

Executive Change: Marshall Spence to Lead Operations at Aktiv Kapital Canada

2 September 2008

Encore Capital Group Elects New Chairman

29 August 2008

Executive Change: Larry Aldi to Sunrise Credit as Marketing Executive

26 August 2008

West Virginia AG Settles with Five Collection Agencies

26 August 2008

Franklin Credit Management Receives Notice of Delisting From NASDAQ

25 August 2008

New Trend in Medical Debt Sales Bypasses Collection Agencies

25 August 2008

Green Mountain Recovery Purchases $4.7 Million of Charged-Off Receivables

22 August 2008

Debt Resolve Shifts Business Strategy, Closes Collection Agency

21 August 2008

DebtX to Sell $292 Million in Residential Real Estate Loans

20 August 2008

The Receivables Exchange and CT Lien Solutions Partner on Receivables Trading Interface

19 August 2008

Velocity Asset Management Reports Q2 Results

15 August 2008

Minority Owner Sells Stake in Sherman Financial for $209 Million

15 August 2008

Aktiv Kapital Earnings Down in Second Quarter on Currency

13 August 2008

Asta Funding Reports Decrease in Income, Revenue and Collections in Quarter

12 August 2008

NCO?s Quarterly Loss Widens on $24.6 million Portfolio Impairment

12 August 2008

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