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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First Financial Asset Management Lands 12 Month Forward Flow
18 January 2007
Debt Resolve, Inc. Announces New Director
17 January 2007
Debt Purchasers Announce Forward Flow Joint Venture
17 January 2007
Debt Purchaser Forms Sister Company to Raise Outside Capital
15 January 2007
ARM Business Planning for 2007
12 January 2007
Portfolio Recovery CEO Sells Shares in Planned Transaction
11 January 2007
Debt Resolve Purchasing Arm Acquires First Debt Portolios
11 January 2007
NCO Group Unit Acquires Australian Collection Agency
11 January 2007
Predictions for 2007; What’s Next for ARM?
10 January 2007
Debt Resolve Files Patent Infringement Lawsuit
10 January 2007
Debt Resolve to Launch Campaign in the UK/Europe
9 January 2007
Jorge Todeschini Wins Referral Contest
8 January 2007
AP Runs Story on Surging Debt Portfolio Prices
5 January 2007
Corstone Capital Purchases $260 million Loan Portfolio from Chinese Bank
4 January 2007
Debt Resolve Announces $20 million Facility for Debt Purchasing
3 January 2007
ABN AMRO Sells $1.3 billion in Bad Commercial Loans
3 January 2007
Executive Change: John Stewart to Lowell Group
3 January 2007
Changes Announced in Top Leadership at WAM
22 December 2006
Executive Change: Edwin "Skip" Herbert to Asset Acceptance
22 December 2006
Resources for New Debt Buyers
21 December 2006