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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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Executive Change: Nelson Peltz Leaves Encore Capital Board of Directors

8 November 2006

Executive Change: Deanna S. Hatmaker and James Christopher Lee to Asset Acceptance

8 November 2006

Executive Change: Joel Lewis to Portfolio Recovery Associates

8 November 2006

Executive Change: Anthony Riggio to Encore Capital Group

8 November 2006

Executive Change: Jeff Shiovitz Promoted at West Asset Management

7 November 2006

Executive Change: Rob Knight Promoted at Asta Funding

7 November 2006

Executive Change: Joshua Chaet Promoted at Resurgence Financial

7 November 2006

Executive Bio: Andy Szemenyei

2 November 2006

Expert Roundtable: Debt Purchasing for Collection Agencies

25 October 2006

Recent Court Cases Create Uncertainty for Collection Agencies

12 September 2006

First Financial Asset Management Acquires $400 Million Debt Portfolio

12 September 2006

Asta Funding Announces Special Large Dividend and Portfolio Purchases

12 September 2006

Merrill Unit Buying $200 mln Indian Loan Portfolio

12 September 2006

Judge Lets Banks Immediately Appeal Distressed Debt Ruling

12 September 2006

D&B Australian Collection Agency is Up for Sale

12 September 2006

Collection Law Firm Named One of State's Fastest Growing for 4th year in a Row

12 September 2006

China Trains Professional Debt Collectors as Bad Loans Mount

12 September 2006

Portfolio Recovery Associates to Present at ThinkEquity Partners LLC 4th Annual Growth Conference

12 September 2006

Top U.S. Companies See $72 Billion In Improved Working Capital

12 September 2006

Franklin Credit Announces Hedge Agreements

12 September 2006

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