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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Encore Capital Reports Higher Collection, Revenue and Earnings
1 May 2008
Asset Acceptance has Good Q1; Will Outsource More to Collection Agencies
30 April 2008
Executive Change: Henry J. Ostoja joins Security Credit Services
29 April 2008
Portfolio Recovery Posts Lower Earnings, Higher Revenue in Q1
29 April 2008
First Financial Network to Sell $6 Million Loan Portfolio
28 April 2008
Outlook for M&A for Small and Mid-Sized Agencies
25 April 2008
Collect Canada Hosts First Annual Alliance Summit
25 April 2008
Schacter Strikes Out on Own, Announces Major Portfolio Purchase
25 April 2008
ACA in Renewed Push for Consumer-Focused Credit Education Week
24 April 2008
New York Times Explores Indian Debt Collection Outsourcing
24 April 2008
PR - Charity Gala Challenge Announced for DCS 2008
23 April 2008
European Collection Agency Intrum Reports Strong First Quarter
23 April 2008
PR - Industry Choice Awards Announced for DCS 2008
21 April 2008
WAM to Reduce Debt Buying in 2008 Over Funding Flap
18 April 2008
Debt Buyer and Collection Agency WAM Takes a Hit in First Quarter
17 April 2008
Sallie?s Collection Unit Falters as Company Feels Pressure
17 April 2008
MP Star Financial Joins Receivables Exchange
14 April 2008
PR - DebtX to Sell $218 Million in Residential and Real Estate Loans
11 April 2008
Intrum Justitia Announces Dividend, Annual Meeting Results
11 April 2008
Business Account Receivables to Trade on New Exchange
11 April 2008
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