Debt Buying News RSS Feed

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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Strategic BCP Maps Business Continuity Best Practices ?Genome?

12 September 2006

Garnet Capital Opens Office in Atlanta, GA

12 September 2006

NCO Group Announces Settlement with Commonwealth of Pennsylvania

12 September 2006

Hudson & Keyse, L.L.C. Announces Expansion Opening a North Carolina Facility

12 September 2006

West Asset Management Announces Purchase of Health Care Receivables Portfolio and New Cash Acceleration Program

12 September 2006

Velocity Asset Management Announces a 158% Increase in December Year-Over-Year Collections

12 September 2006

National Loan Exchange, Inc. Announces Changes in Resale Structure

12 September 2006

YouveGotClaims Demonstrates Benefits to Debt Buying Industry

12 September 2006

Asta Funding Announces Closing of Expanded Credit Facility of $125 Million

12 September 2006

Debt Resolve Offers New Business Continuity Solutions for Collections

12 September 2006

Encore Capital Group, Inc. to Present at the Brean Murray, Carret & Co. Small Cap Institutional Investor Conference '06

12 September 2006

Second Consecutive Record-Breaking Year in the Accounts Receivable Management Industry

12 September 2006

Portfolio Recovery Owes a Big Debt to Skilled Management

12 September 2006

Debt Collection Industry Gets More Media Coverage

12 September 2006

ARM Index Down Year over Year

12 September 2006

Asta Funding to Present at the Brean Murray, Carret Small Cap Institutional Investor Conference '06

12 September 2006

People First Recoveries Announces Move to Larger Facility

12 September 2006

National Loan Exchange Announces the Opening of its Southern California Office

12 September 2006

Genesis Announces Significant Expansion to Meet Demands of New Acquisition

12 September 2006

Collections Institute of Canada Ltd. Announces Name Change and Strategic Alliance

12 September 2006

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