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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Executive Change: Encore Capital Names New Chairman of the Board

3 May 2007

HIPAA and Medical Collections: Staying Compliant Worth the Hassle

27 April 2007

Encore Capital Announces First Quarter 2007 Conference Call and Webcast

26 April 2007

Asset Acceptance Reports Slip in Earnings but Higher Cash Collections

26 April 2007

Portfolio Recovery Q1 Earnings Up; Announces Repurchase and Special Dividend

25 April 2007

Encore Capital Announces Deals that Lock Up 40% of its Shares

23 April 2007

Ascend United Names Bartley Ventures as New Marketing Partner

19 April 2007

City Plans to Sell Tax Debt to Collection Agency

19 April 2007

Portfolio Recovery Associates Announces Earnings Conference Call Date

17 April 2007

NCO Group Reports a Net Loss of $17.5 million for Q4 2006

17 April 2007

Asset Acceptance to Host Q1 2007 Conference Call April 26

13 April 2007

Debt Purchaser Crown Asset Management Closes on $22 million Credit Facility

13 April 2007

FirstCity Financial Corporation Receives NASDAQ Delisting Warning

6 April 2007

Interview: Michael Taulbee, Partner and Managing Director of Houston Funding

6 April 2007

Shawn Burdick Joins the Debt Settlement America Leadership Team As Their Settlement Manager

5 April 2007

Record Half Year for Lowell Group

5 April 2007

Velocity Asset Management Reports 2006 Results

5 April 2007

CompuCredit Acquires $970 million UK Credit Card Portfolio

5 April 2007

International Deals Dominate Q1 2007 M&A Activity in the ARM Industry

4 April 2007

FirstCity Financial to Delay Annual Report

2 April 2007

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