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: Mark Redman Promoted at Asset Acceptance
2 April 2007
Debt Collection and Customer Care Driving Growth in Outbound Dialing Market
30 March 2007
Bank of America Makes High Bid in Auction for Philippine Bank Bad Loans
28 March 2007
Executive Change: EMCC CEO Resigns
28 March 2007
Debt Resolve to Showcase Online Collection System at UK ?Credit Show?
28 March 2007
New York City Clarifies License Requirements for Debt Buyers
27 March 2007
UK Collection Call Center Brings in $200,000 for Charity
23 March 2007
The Future of Receivables Management
23 March 2007
Teleseminar to Explore Healthcare Debt Purchasing
21 March 2007
National Loan Exchange Announces Expansion
20 March 2007
Citigroup Buys $676 million Fannie Mae LIHTC Portfolio
19 March 2007
Executive Change: Dennis Hammond to Global Debt Registry
19 March 2007
DBA International Celebrates 10 Years, Announces Management Change
19 March 2007
Subprime Lender Accredited to Sell $2.7 billion in Loans
16 March 2007
Debt Resolve Names Rubenstein Public Relations as Agency of Record
15 March 2007
FirstCity Financial Corporation Announces Delay in Filing Annual Report
14 March 2007
Portfolio Recovery Associates Switches Accounting Firms
14 March 2007
Black Tip Capital Holdings Acquires Marlin Capital Europe
13 March 2007
Portfolio Recovery Associates Looks to Hire 150 for New Location
13 March 2007
CAMCO Exec Settles With FTC Over Debt Purchasing and Collection
13 March 2007