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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Convoke Systems Announces Corporate Headquarters Move and Additional Office

3 May 2011

Portfolio Recovery Associates Donates $15,000 to Assist Tornado Victims in Alabama

2 May 2011

Debt Buyers Report Gains in the First Quarter

29 April 2011

Portfolio Recovery Associates to Announce First Quarter 2011 Results on May 4

26 April 2011

Asset Acceptance Capital Corp. to Pursue New Senior Secured Credit Facilities

25 April 2011

Executive Changes: Encore Capital Adds Financial Services Veterans to Leadership Team

18 April 2011

Cabot Financial Group Announces New Leadership Team

18 April 2011

Asset Acceptance Capital Corp. to Host First Quarter Conference Call April 28

15 April 2011

Encore Capital Group to Announce First Quarter Results on April 27

14 April 2011

Executive Change: Kristin Dickey to SquareTwo Financial as SVP, Human Resources and Organizational Development

12 April 2011

Private Equity Firm Acquires UK Debt Buyer Cabot Financial from Citi

11 April 2011

Executive Change: Brandy Reardon Joins Security Credit Services as VP of Business Development

8 April 2011

Executive Change: John Russo to Delbert Services Corporation as Biz Dev Director

8 April 2011

Portfolio Recovery Associates Also Wins Appeal Against State AG

7 April 2011

Debt Portfolio Documentation to Impact Consumer Debt Prices

4 April 2011

Executive Change: VION Receivable Investments Hires Neil Brodsky as General Counsel

31 March 2011

Encore Capital Issues Response to State Attorney General

29 March 2011

Executive Change: Portfolio Recovery Associates Appoints Michelle Link SVP, Human Resources

28 March 2011

Minnesota AG Suing Encore Capital Group

28 March 2011

Asset Acceptance Promotes Environmental Awareness with B-Green Day Initiative

24 March 2011

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