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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UK Debt Buyer Lowell Group Acquired by Private Equity Firm
20 June 2011
Stirling Capital Management Announces Expansion of ARM Consulting Services
20 June 2011
ARMing Heroes Announces Board Expansion, Call for Nominations
16 June 2011
Encore Capital Group to Present at the 2011 William Blair Growth Stock Conference
14 June 2011
State AG Writes Op-Ed on Debt Buyers
13 June 2011
'Fair Debt Buyers Practice Act' Stalls in California Senate
10 June 2011
Asset Acceptance Invests in the Health of its Associates
10 June 2011
Debt Collecting: Morally Neutral, Or Morally Bankrupt?
9 June 2011
Portfolio Recovery Associates to Present at Investor Conference
8 June 2011
Encore Capital Group to Present at Investment Conference
7 June 2011
More State AGs Opposing Encore Capital Settlement on Robo-Signing
6 June 2011
Hidden Oak Announces Large Portfolio Purchases
3 June 2011
Portfolio Recovery Associates Launches Service for Identity Theft Victims
2 June 2011
Consumer Group Tells FTC to Step Up FDCPA Enforcement
1 June 2011
The Economy is Bad, But is it 'Double-Dip' Bad?
1 June 2011
Bad Economic News Hits After Memorial Day
31 May 2011
Aeox Acquisitions Ltd. Acquires Canadian MasterCard Portfolio from Wells Fargo
27 May 2011
A Foreclosure Case With Far-Reaching Repercussions for the ARM Industry
26 May 2011
Minnesota AG Finally Gets to File the Debt Collection Suit She's Always Wanted
23 May 2011
European Written-off Debt Reaches $437 billion
23 May 2011
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