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