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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Russian Consumer Lender Prepares Massive Debt Portfolio Sale
8 December 2006
Credit Counseling Association to Unveil IRS Training Program at Conference
8 December 2006
American Capital Invests in Recapitalization of Medical Billing and Collection Firm
8 December 2006
MRS Associates Opens New Call Center in New Jersey
8 December 2006
Japanese Collection Agency Going Public
8 December 2006
Columbia Ultimate Partners with DANTOM Systems
8 December 2006
CLARIFICATION: United Recovery Systems Receives Two Agency of the Year Awards
8 December 2006
Bankruptcy Filings and Public Companies Weigh on ARM Industry Index
8 December 2006
First Annual Debt Connection Symposium Viewed as Success
8 December 2006
Industry Black Tie Event Raises $115,000 for Children's Hospital of Orange County
8 December 2006
United Recovery Systems Receives Two Agency of the Year Awards
8 December 2006
City Turns to Collection Service for Bad Checks
8 December 2006
National Recovery Agency receives SAS 70 Audit Certification
8 December 2006
Snooping Into Phone Records Common Practice
8 December 2006
State Attorney General Settles with Credit Counseling Scammers
8 December 2006
Justice Department Awards Accenture $54 million Debt Collection System Contract
8 December 2006
Boston Globe: "Debt Collectors Hunt the Innocent"
8 December 2006
Collection Industry Gears Up for National Credit Education Week 2006
8 December 2006
Net Gain Marketing Adds Pathway Associates? Principals to its Bid Writer Network
8 December 2006
UK Insolvency eXchange Launched with Two of the Top Five UK Banks
8 December 2006