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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Getting the Word Out on Portfolio Purchases
12 March 2007
The Debt Marketplace Announces Next Buyer Seller 101 Class
8 March 2007
TNB Promotion Increases Credit Union Cardholders in Promotion
7 March 2007
TNB Purchases $16 Million Card Portfolio
6 March 2007
Asta Completes $6.9 billion Portfolio Purchase
6 March 2007
Healthcare Debt: Not Your Typical Portfolio
5 March 2007
Asset Acceptance Reports Slip in Income for 2006, Increase for Q4
1 March 2007
Encore Reports Earnings Drop in Q4 and Full-Year 2006
1 March 2007
Encore Capital Sale Off the Table; Share Repurchase Initiated
1 March 2007
Asset Acceptance to Close Two Offices
1 March 2007
Tenet Medical Accounts Sale Involved WAM, NCO, and CarVal
1 March 2007
Executive Change: Michael G. Carey to Debt Resolve Board
28 February 2007
Healthcare Debt Purchaser Voices Support for ACA Guidance on Medical Debt
28 February 2007
UK Debt Purchaser/Collector Donates Call Center Ops to Charity
27 February 2007
TNB Purchases $15 Million Card Portfolio from Credit Union
26 February 2007
ARM Economic Index Increases Moderately in 2006
21 February 2007
TNB Acquires $16 Million Card Portfolio
20 February 2007
Velocity Asset Management Reports Portfolio Acquisitions for Quarter, Year
20 February 2007
Fannie Mae to Sell $5 Billion in Bills Wednesday
19 February 2007
U.S. Debt Collector Sues Poverty-Stricken African Country
19 February 2007