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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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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

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