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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Intrum Justitia Announces Results for Second Quarter, First Half of 2011
18 July 2011
Encore Capital Group to Announce Second Quarter Results on August 1
15 July 2011
Debt Buyers to Retain Full ACA Membership
14 July 2011
B-Line, LLC Successfully Completes SAS 70 Type II Audit
14 July 2011
Class Action Lawsuit Alleges Collection Agencies' Credit Card Offer Contains Multiple FDCPA Violations
14 July 2011
Second Quarter M&A Deal Value in the ARM Industry Highest in Three Years
13 July 2011
Are the Big ARM Boys Shifting Strategic Focus? Yes, But...
13 July 2011
Encore Capital Settlement Gets Day in Court; Decision Pushed Off
12 July 2011
Texas Attorney General Launches Action Against Encore Capital
9 July 2011
Asset Acceptance to Host Second Quarter Conference Call July 28
8 July 2011
Claims Compensation Bureau Breaks New Ground in Class Action Recoveries
6 July 2011
Arrow Global Announces H1 2011 Highlights and Strengthening of Management Team
5 July 2011
Intrum Justitia Acquires $435 million German Debt Portfolio from Commerzbank
30 June 2011
Encore Capital Named One of India's Best Places to Work
28 June 2011
Brown & Joseph Enables Expanded Bad Debt Recovery Options Through Alliance with Cortera
27 June 2011
FTC Submits Opinion on Debt Buyer Class Action Lawsuit
24 June 2011
Asta Funding Announces Share Repurchase Program
23 June 2011
State AG Goes After Debt Collector for Payday Loans
21 June 2011
City of Semmes Partners With Revenue Discovery Systems to Administer Local Sales Tax
21 June 2011
A Bankruptcy Product with Online Interactivity
21 June 2011
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