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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Debt Purchaser Hudson & Keyse, L.L.C. Wins Weatherhead 100 Award

12 September 2006

Hudson & Keyse, L.L.C. Receives Better Business Bureau Award

12 September 2006

Premium Asset Recovery Announces Purchase of $225 million in Healthcare Portfolios

12 September 2006

Asta Funding Announces Record Portfolio Purchases; $2.1 billion in One Quarter

12 September 2006

Morgan Stanley Makes $1.75 billion UK Credit Card Acquisition

12 September 2006

Economic Volatility Pushes ARM Index Down from Historic High

12 September 2006

Asta Funding Announcements Bullish on Debt Purchasing in 2006

12 September 2006

Portfolio Recovery Having Good Times With Bad Debt

12 September 2006

Portfolio Recovery Associates Appoints Chris Graves Vice President-Portfolio Acquistions

12 September 2006

Portfolio Recovery Associates Announces New Credit Line as Portfolio Acquisitions Increase

12 September 2006

GMAC to Sell $20 billion in Auto Loans

12 September 2006

TNB Launches New Credit Card Account Management System

12 September 2006

Media Launches Fresh Attack on Debt Collection Industry

12 September 2006

Aktiv Kapital Makes Further Debt Portfolio Acquisitions in Europe

12 September 2006

Payday Lenders Turning to Selling Unpaid Loans, Rather than Sending to Collections

12 September 2006

CSI Financial Services Launches New Medical Debt Purchasing Company

12 September 2006

Asset Acceptance Capital Corp. Announces Opening of New Chicago Office

12 September 2006

Collect America Gets Purchased for $350 million

12 September 2006

Encore Capital Group Acquires Bankruptcy Service Provider Ascension Capital Group, Ltd. for $22 million

12 September 2006

Account Portfolio Management, LLC Receives $10 million Financing Facility to Purchase Debt

18 July 2006

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