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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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Weak Collections Send NCO to a Loss

15 August 2007

UK Debt Purchaser Announces Monthly Revenue Milestone

14 August 2007

Great Q for Asta as Profits Rise 30%

10 August 2007

First Rate Quarter for First City

10 August 2007

Encore Takes Loss to Pay Off Future Interest

9 August 2007

Velocity Profits Soar, Ponders Subsidiary Sale

9 August 2007

Debt Resolve Declines After Patent Decision

8 August 2007

PCI Standards May Not Apply to Debt Purchasers, Collectors

6 August 2007

Malaise Stays with Debt Purchasers? Stocks

6 August 2007

Asset Acceptance Reports a Drop in Revenue and Earnings

2 August 2007

Credit Card Purchasers and Collectors Face PCI Security Standard

1 August 2007

Intrum Justitia Reports Jump in Earnings and Revenue for First Half

30 July 2007

ACA Adopts New Code of Ethics for Collection Industry

26 July 2007

Portfolio Recovery Sees Increase in Revenue and Income in Q2

25 July 2007

Senex Expands Footprint, Buys $200 million in Debt

24 July 2007

FirstCity Reports Earnings After Investigation Delay

24 July 2007

FirstCity Won?t Change Financials After Investigation

9 July 2007

Analyst Finds Bottom Line Contrast Between Four Big Debt Purchasers

3 July 2007

Debt Purchasing Stocks Rise on Hopes of Lower Debt Prices

29 June 2007

Illinois to Sell $1.3 billion In Student Loans

28 June 2007

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