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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Portfolio Recovery Associates Reports Fourth Quarter and Full Year 2006 Results

15 February 2007

Asta Funding Reports Higher Revenues and Income in Quarter

12 February 2007

Asta Funding to Buy $6.9 billion Debt Portfolio

12 February 2007

ACF Medical Services Announces $115 million Medical Debt Portfolio Purchase

9 February 2007

International Credit Services Acquires DebtOutlet.com

7 February 2007

FirstCity Financial Provides Update on ILC Initiative

5 February 2007

FTC Moves to Shut Down Debt Collection Agency

5 February 2007

The Sagres Company Announces 31% Increase in 2006 Revenue

2 February 2007

Kaulkin Ginsberg Expands Services to Address Burgeoning Debt Buying Market

2 February 2007

Debt Resolve Joins Fair Isaac's ScoreNet Network

31 January 2007

Executive Change: Michael Taulbee Promoted at Houston Funding

30 January 2007

Executive Change: Aaron Hadam Promoted at National Loan Exchange

30 January 2007

TNB Balance Transfer Promotion Nets $2.2 million

29 January 2007

State Attorney General Goes After Debt Purchaser Arrow

29 January 2007

Executive Change: John C. Reid Promoted at Hudson & Keyse

26 January 2007

Asta Funding Board Votes to Raise their Own Pay

26 January 2007

Asset Acceptance Amends Code of Conduct for Officers

23 January 2007

Debt Resolve Acquires Collection Agency First Performance Corp

23 January 2007

TNB Purchased 21 Credit Union Card Portfolios in 2006

22 January 2007

ARM Industry Vets Launch New Public Debt Purchaser

22 January 2007

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