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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Asta Funding to Host Investor Day
23 May 2008
Asset Acceptance Says Largest Shareholder May Sell 11 Million Shares
23 May 2008
Debt Buyer Velocity Asset Management to Delay Quarterly Report
21 May 2008
Asta Funding Reports Quarterly Loss on $35 million Impairment Charge
20 May 2008
NCO Group Reports First Quarter Loss on Acquisition Expenses
19 May 2008
Portfolio Recovery Drops Anchor, Shifts Staff
16 May 2008
Marion Financial Corp. Awards Two ARM Scholarships
15 May 2008
Asta Funding to Delay Quarterly Report
15 May 2008
Collection Agencies, Debt Buyers are PCI Security Hot Spots
13 May 2008
Portfolio Recovery Associates Increases Bank Credit Line to $340 Million
12 May 2008
FirstCity Loss Widens
12 May 2008
UK Debt Sales Could Rise to $17.6 Billion This Year
12 May 2008
Citigroup Likely to Peddle UK's Cabot as Part of Asset Sale
12 May 2008
UK Debtors Not Able to Settle in Full
9 May 2008
Debt Buyers Make Their Presence Known on Capitol Hill
8 May 2008
LifePoint Wary Economy Could Push Up Bad Debt
8 May 2008
FirstCity Unit American Business Lending Awarded SBA Preferred Lender Status
7 May 2008
Agencies Fighting Back Against Advance-Fee Fraudsters
7 May 2008
Collection Agency Getting Paid by Issuing Credit Cards
6 May 2008
Asta Funding Gets Loan from Controlling Stern Family; Shares Tank
2 May 2008
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