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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Survey Shows Tough Times But Rosier Outlook for Collectors

13 June 2008

Investment Firm Buys Half of European Collector Lindorff for $560 Million

11 June 2008

Asta Funding Announces Expanded Roles of Board Members

10 June 2008

Receivables Exchange's Membership Exceeds $500 Million in Accounts Receivable Turnover

10 June 2008

Debt Collection Cases Double in Northern Illinois

9 June 2008

U.S. Business Journal Now Available on BlackBerry Mobile Devices

6 June 2008

Canadian Debt Buyers Association Holds First Meeting, Elects Officers

6 June 2008

Asset Acceptance Opens Books for Investors at Conference

6 June 2008

Brazilian Unit of American ARM Firm Buys $305 million Debt Portfolio

5 June 2008

IDT Posts Loss for Quarter, But Gains in ARM Unit IDT Carmel

5 June 2008

Recovercorp Named to Profit100 Ranking Of Canada?s Fastest-Growing Companies

3 June 2008

Health Care Providers Turn to Auctions for Patient Debt

3 June 2008

Stratagem Portfolio Services and InfoCentricity Announce Strategic Relationship

2 June 2008

Asset Acceptance to Present at Keefe, Bruyette Conference

2 June 2008

UK Debt Buyer Gets $165 million Credit Facility for Portfolio Financing

2 June 2008

Winston-Salem City Credit Union Sells Card Portfolio to TNB

30 May 2008

Executive Change: The Receivables Exchange Lands PNC Bank Veteran as COO

30 May 2008

ARM Index Shows Continuing Erosion of Collection Environment

30 May 2008

Investors Sell Debt Buyers' Stock as Economy Declines

29 May 2008

Velocity Reports 24% Rise in Net Income

27 May 2008

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