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.
Filter by Location
For-Profit Healthcare Providers Could See $15 billion in Bad Debt
28 January 2008
Data Security Slow to Win ARM Industry Attention
28 January 2008
MGIC, Sherman Stakeholder, Warns of Fourth Quarter Loss
25 January 2008
Utility Sector Beckons Asset Acceptance
24 January 2008
Hanna?s Growing Galaxy: Focus Mexico with a Possible U.S. Buy
23 January 2008
Collection House Sees a Good First Half to 2008
18 January 2008
Galaxy Buys Hispanic Collection Agency
16 January 2008
Cabot Chief Sees More Debt Sales in the UK
10 January 2008
Three Public Debt Buyers Hit with Analyst Downgrade
10 January 2008
ARM Industry in for a Wild Ride in 2008
8 January 2008
FCC: Collectors May Call Cell Phones with Autodialers, Prerecorded Messages
7 January 2008
Is the Loan Sale Party Over?
3 January 2008
Encore Expands Lending Deal to $300 Million
28 December 2007
American Home Plans Loan Sale as Home Prices Fall
27 December 2007
Aktiv Stays Active, Buys Two Spanish Portfolios
21 December 2007
Asta Profits Rise 14% as Revenues, Expenses Jump
21 December 2007
Debt Buyers ? The True Value of Your Company is Recognized!
18 December 2007
Asta Stock Falls After Kaufman Downgrade
18 December 2007
Two European ARM Giants Announce Big Portfolio Buys
18 December 2007
Asta Delays Annual Report for 15 Days
17 December 2007