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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Executive Change: Ramesh Kashyap to Lead Investments at Aktiv Kapital in Canada

11 September 2013

Portfolio Recovery Associates Named One of Fortune's 100 Fastest-Growing Companies

9 September 2013

Kolz Associates Relocates within Illinois; Adds Two People

6 September 2013

CFPB Puts Credit Furnishers on Notice

5 September 2013

Hang-ups and Charge-offs: Experts Explain Debt Collection Compliance

4 September 2013

Executive Changes: Lowell Group Announces Senior Management Appointments in Debt Purchase

30 August 2013

Accounts in Debt Collection Remain Near All-Time High

26 August 2013

Maryland Attorney Faces 90-Day Suspension Over "Robo-Signing"

23 August 2013

Portfolio Recovery Associates Expands Credit Facility to $633 Million

22 August 2013

I Want to Sell My Business, but What If Word Gets Out?

21 August 2013

Executive Change: Wells Fargo Debt Chief to Lead FLOCK Business Development Efforts

21 August 2013

Appeals Court Rules Against Collection Agency in FDCPA Litigation Case

19 August 2013

The DBA Executive Summit was Better than Kayaking

19 August 2013

NCB Reports Nearly $600M in Portfolio Acquisitions First Half 2013

14 August 2013

Kaulkin Ginsberg Announces Release of Industry Report: 2013 Midyear Review

12 August 2013

New York "Enlists" Banks in Fight Against Payday Lenders

7 August 2013

ACA International Education Foundation Awards Scholarship Recipients

5 August 2013

Will New Federal Standards Destroy Debt Buying Industry?

1 August 2013

Portfolio Recovery Associates' Collections, Revenue and Earnings Soar in Q2

1 August 2013

FLOCK Launches Specialty Finance Company for Debt Buyers

31 July 2013

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