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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Portfolio Recovery Associates Honored With Corporate Volunteer Excellence Award
5 December 2013
Important International ARM Industry Group Re-Emerging
5 December 2013
Arrow Global Reports Strong Earnings After IPO
2 December 2013
ARM Companies Show Differing Strategies in Debt Collection Complaint Responses
26 November 2013
International Collectors Group to Return to Its Position of Prominence in the ARM Industry
25 November 2013
Collection Agency Issues Challenge to Bill Bartmann
22 November 2013
In Search of a Unified Front on Capitol Hill
22 November 2013
ACA International Releases White Paper Analyzing CFPB Consumer Complaints
21 November 2013
Changes to the FDCPA That Will Redefine Debt Collection
20 November 2013
Young Association in Canada Gains Traction
19 November 2013
Debt Buyer Gets Mixed Result in State Supreme Court Appeal Against AG
18 November 2013
DBA International Approves Audit Firms for Certification Program
18 November 2013
CFPB Director Cordray: Debt Collection Information is a Top Concern
13 November 2013
Portfolio Recovery Associates Expands Its Headquarters to Accommodate Continued Business Growth
13 November 2013
NCB Management Services to use Global Debt Registry Chain of Title and Consumer Access Portal
12 November 2013
Encore Capital’s Record Third Quarter Show it Winning the Arms Race
8 November 2013
Collection Industry Gears Up to Engage CFPB on Rulemaking
8 November 2013
Executive Change: James Fournier to Runci Group as Director of Client Services
7 November 2013
CFPB Releases Debt Collection Complaints Data, and Here It Is
6 November 2013
Military Family’s Struggle to Own a Home Spotlighted with Just 5 Days Left in Charity Drive
6 November 2013
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