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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A Conversation with the CFPB
18 February 2014
Ontario Systems Announces Partnership with Kaulkin Ginsberg for 2014 Webinar Series
18 February 2014
Callcredit Information Group Acquired by GTCR from Vitruvian
18 February 2014
Story on Debt Collection "Rocket Dockets" Largely Misses the Point
13 February 2014
Asta Funding Reports Financial Results for Most Recent Quarter
12 February 2014
ACA International Briefs State Attorneys General Staff on TCPA Petition
11 February 2014
Have You Registered For Third Party Vendor Auditing Workshop In Atlanta on February 19?
11 February 2014
Debt Collection State Licensing Resource Launched on insideARM.com
10 February 2014
Encore Capital Acquires UK Debt Buyer Marlin Financial for $480 million
10 February 2014
DBA International Installs New President, Elects Other Officers
10 February 2014
Important Webinar Series for ARM Professionals: From Our Desk to Yours - Leadership Series for ARM Executives
10 February 2014
Conflicting Jobs Report: Fewer Jobs than Expected, Unemployment Falls, Wall Street Cheers
7 February 2014
Mike Bendickson Honored With Bud Reitzel Award, Debt Buying Industry’s Highest Recognition
7 February 2014
The Key Questions to Ask Yourself Before Selling Your ARM Business
6 February 2014
We'd Like to Know How You Feel About the Cloud
5 February 2014
UK Regulator Pulls License of Debt Buyer and Two Collection Agencies
5 February 2014
Top Donors to ARM Vets Charity Receive Honors in DC
5 February 2014
Portfolio Recovery Associates Acquires UK IVA Platform
4 February 2014
Kaulkin Ginsberg Announces the Launch of a 2014 Webinar Series
4 February 2014
Castel Exhibiting at 17th Annual DBA International Conference
4 February 2014
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