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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Separate Your Agency from the Competition
14 December 2006
Debt Buyers’ Growing Interest in Alternative Asset Classes
14 December 2006
The Impact of Scoring on Collections
14 December 2006
The Role of Sellers, Resellers & Brokers in Debt Purchasing
14 December 2006
Early Findings from the Kaulkin Report
14 December 2006
2004 Not Just Another Year in the Collection Industry
14 December 2006
The Media and Debt Purchasers
14 December 2006
Collection Industry M&A Activity Skyrocketing
14 December 2006
Asta Beats Estimates, Reports Record Quarter and Fiscal Year
14 December 2006
UK Debt Purchaser Announces Record Year
14 December 2006
Goldman Sachs Buys $1.3 billion in Bad Loans from German Bank
14 December 2006
Motley Fool Picks Portfolio Recovery as Best Small Cap for 2007
11 December 2006
UK Debt Purchaser Named as Business of the Year Finalist
11 December 2006
ACF Medical Services Purchases $250 million in Receivables from Four Healthcare Systems
8 December 2006
FirstCity Financial Corporation Completes Purchase of SBA Lending Franchise
8 December 2006
IEI Financial Purchases $18.8 million Utility-Based Debt Portfolio
8 December 2006
West Asset Management Appoints Mick Mazour President
8 December 2006
Asta Funding Sets Earnings Release and Conference Call Date
8 December 2006
Court Decision Re-Affirms Debt Resolve's Patent Protection
8 December 2006
Hospital Seeks Court OK to Sell Medical Debt
8 December 2006