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 Ramping Up Hiring at New Call Center

8 December 2006

Target has No Plans to Sell Credit Card Business

8 December 2006

Receivable Acquisition & Management Corp. Completes Two Million Share Buyback

8 December 2006

Franklin Credit Management Reports Increase in Revenue, Drop in Loss for Q3

8 December 2006

Debt Buying Executive Opens New Company

8 December 2006

Portfolio Recovery Associates Establishing New Call Center in Jackson, TN

8 December 2006

Velocity Asset Management Reports Record Revenue and Operating Results for Q3

8 December 2006

FirstCity Financial Receives Approval for SBA Lending Initiative

8 December 2006

Court Appoints Chicago Debt Exchange to Sell Preference Judgments

8 December 2006

Debt Resolve Announces the Closing of Its Initial Public Offering

8 December 2006

FirstCity Financial Reports Higher Earnings in Q3

8 December 2006

Debt Purchaser Announces the Voluntary Conversion of Certain Preferred Stock

8 December 2006

Encore Capital Reports 33% Decline in Income for Q3

8 December 2006

Asset Acceptance Earnings Down on High Portfolio Prices

8 December 2006

Debt Resolve Announces Pricing of Initial Public Offering

8 December 2006

National Loan Exchange Announces the Sale of $220 Million of Chapter 13 Accounts

8 December 2006

Varisol Finalizes Agreement with New Jersey Hospital to Purchase Aged Accounts

8 December 2006

Portfolio Recovery Associates Income up 20% in Q3

8 December 2006

Receivable Acquisition & Management Corporation Announces Portfolio Purchases

8 December 2006

National Loan Exchange, Inc. Announces 3rd Quarter Debt Purchasing Trends

8 December 2006

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