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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Hospitals, Advocates Battle Over Patient Credit Checks

18 March 2008

Favorable Collection Laws Boost Scandinavian ARM Success

18 March 2008

Asset Acceptance Changes Auditor, Updates Exec Bonus Plan

17 March 2008

FirstCity Reports Difficult Q4, but Rosy Outlook for Purchasing

17 March 2008

Card Debt Prices Dropping as More Paper Hits Market

17 March 2008

Jury Decides Fate of Execs that Bought ARs from Struggling Hospitals

13 March 2008

Aktiv Kapital Swings Back to Profit in 2007

12 March 2008

Norway Invades Germany to Reap ARM Rewards

12 March 2008

Intrum Reports Big Growth for 2007, Buys Record Debt in Q4

11 March 2008

European ARM Giant Buys German Collector, Looks to Consolidate ARM Market

7 March 2008

Encore Rewards Executives with Bonuses, Salary Hikes

6 March 2008

Collection Execs Start Debt Settlement Firm to Work with ARM Industry

5 March 2008

IRS 990 Change Will Spur Hospitals to Sell Debt: Experts

4 March 2008

UK Bank to Stop Lending, Focus on Debt Purchasing and Collection

27 February 2008

Asset Acceptance Reports Rough Year, Record Purchases

26 February 2008

Massive Deal Brewing for UK Debt Purchaser-Collector: Paper

25 February 2008

Richards Building Capio to Capture Top Spot as Health Care Collector

25 February 2008

Asset Acceptance Gives Poor Earnings Preview for 2007

22 February 2008

PRA Notches Record Buying Year, Looks Offshore for Collections

22 February 2008

Sherman Stake Could be Potential Capital Source for Minority Owners

21 February 2008

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