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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Washington Post Covers Collectors-Against-FCC Autodialer Battle
12 September 2006
Portfolio Recovery Associates to Announce First Quarter 2006 Results on April 25, 2006
12 September 2006
Scotiabank Buys $272.5 million in Car Loans from Ford Credit Mexico
12 September 2006
UK's Leading Debt Purchaser Acquired for $479 million
12 September 2006
1Q06 M&A Activity in the Accounts Receivable Management Industry Consistent with 1Q05 Results
12 September 2006
Pier 1 Considering Sale of Credit Card Business
12 September 2006
JP Morgan - Kohl's $1.5 billion Credit Card Deal gets Approval
12 September 2006
County Considering Selling Delinquent Taxes to Collection Agency
12 September 2006
In Their Words: Major Industry Players Discuss Portfolio Sizes and Expected Returns
12 September 2006
IRS Selects Three Firms to Take Part in Delinquent Tax Collection Effort
12 September 2006
An Interview with Steve Fredrickson
12 September 2006
To Sell or Not to Sell, That is the Question
12 September 2006
Australian Debt Collection Agency Announces Big Write-Offs
12 September 2006
Collins Financial Acquired by Private Equity Firm
12 September 2006
LIVE FROM THE DBA CONFERENCE: Everyone is Talking About Everything
12 September 2006
LIVE FROM THE DBA CONFERENCE: An Industry Arrives
12 September 2006
Asta Funding Announces Acquisition of VATIV Recovery Solutions LLC
12 September 2006
Experian Launches Debt Portfolio Evaluator for Debt Buyers
12 September 2006
Global Acceptance Credit Closes on Equity Infusion
12 September 2006
Asset Acceptance Earnings Fall on Poor Performance of Wireless Telecom Debt
12 September 2006