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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Goldman Sachs Buys Stake in Russian Collection Agency
8 December 2006
Debt Collection Named as One of Top 10 Home-Based Businesses for 2007
8 December 2006
2006 ARM M&A Deal Value on Course to Double Last Year?s Record
8 December 2006
Velocity Asset Management Announces Increases in July and August Year-Over-Year Collections
8 December 2006
Kaulkin Ginsberg: Healthcare Industry Sets Aside $129 Billion Annually to Cover Bad Debt
8 December 2006
An Exclusive Interview: Jill Thomas, Big Winner
8 December 2006
Inc. 500 Debt Purchaser/Collector Names Replacement for CEO
8 December 2006
Portfolio Recovery Looking to Open New Call Center in Tennessee
8 December 2006
MBT Financial Corp. Announces Sale of Non Performing Loans
8 December 2006
PNC to Sell $2 billion in Loans
8 December 2006
Indiana Hires Three Collection Agencies to Go After $1.9 billion
8 December 2006
Debt Purchaser Joins Forces with WebBank for Consumer Lending and Credit Card Opportunities
8 December 2006
B-Line Acquired by Lone Star Funds
8 December 2006
Intrum Justitia Restructures its English Field Operations
8 December 2006
Commercial Collection Agency Claims Tripling of Recovery of Delinquent Account Dollars
8 December 2006
FTC Stops Nationwide Debt Negotiation Scheme
8 December 2006
Collection Agency Founder Sells $2.75 million Stake in Firm
8 December 2006
Baycorp Advantage Changing Name after Collection Unit Sale
8 December 2006
Taxpayer Protections as IRS Private Collections Begin
8 December 2006
MRS Associates Opens New Call Center in New Jersey
8 December 2006