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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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County Considering Contracting With Debt Collectors

12 September 2006

West Asset Management Streamlines Operations

12 September 2006

Steps to Prevent Tax Scams as Private Debt Collection Begins

12 September 2006

LA Times Shines a Positive Light on Collectors

12 September 2006

Cavalry Announces Portfolio Acquisitions Totaling $1.2 billion for First Half of Year

12 September 2006

Can Training Cure What Ails the Collection Industry?

12 September 2006

E-Learning Opportunity for Collection Agency Training

12 September 2006

Hudson & Keyes Makes the Inc. 500 List

12 September 2006

Casinos As Debt Collectors

12 September 2006

Patients Confused by Healtcare Provider, Debt Buyer

12 September 2006

Debt Purchasing Exec Opens his Own Shop

12 September 2006

Debt Purchaser Named to Inc. 500 List of Fastest Growing Companies

12 September 2006

Collection Agency Survey Finds that Despite Customer Demand for EIPP, Security Concerns are Hindering Adoption

12 September 2006

Debt Portfolio Auction Pioneer Creates Chicago Debt Exchange

12 September 2006

Velocity Asset Management, Inc. Reports Revenue and Operating Results for the Second Quarter and Six Months

12 September 2006

Columnist Extols the Virtue of Paying Your Debts

12 September 2006

UK Debt Collection Industry Comprises 500 Companies that Generated $875 Million in Revenues In 2004

12 September 2006

Portfolio Recovery Associates Testing the Waters for New Call Center

12 September 2006

Think Tank Gets Bored, Decides to Rail Against Collectors

12 September 2006

Franklin Credit Announces New $40 Million Warehouse Credit Facility

12 September 2006

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