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: Danen Shiek to B-Line, LLC as Chief Operating Officer

6 January 2011

Debt Buyer PRA Responds to Wall Street Journal Article

4 January 2011

Executive Change: Ronald Lavin to Asset Recovery Solutions as Biz Dev Director

4 January 2011

Asset Acceptance Announces Cost Reduction Actions; Closing Cleveland Collection Office

31 December 2010

Intrum Justitia Announces Joint Venture for Investing in Russian Non-performing Retail Loans

31 December 2010

Portfolio Recovery Associates Expands Credit Facility to Accommodate Business Growth

23 December 2010

Intrum Justitia Acquires Nice Invest Nordic AB which Focuses on Purchased Debt

21 December 2010

Executive Change: Thomas Bunn Joins SquareTwo Financial's Board of Directors

15 December 2010

Executive Changes: Convoke Systems Announces Executive Team Appointment

15 December 2010

Asta Funding Reports Swing to Profit in Fiscal Year

14 December 2010

Portfolio Recovery Associates Continues Tradition of Giving; In 2010, PRA Surpasses the $1 Million Mark in Giving Back to the Community

10 December 2010

Aktiv Kapital Purchases a Large Canadian Portfolio

6 December 2010

Executive Change: Todd Langusch to Asset Acceptance as Chief Information Officer

2 December 2010

What's Really Going On in Debt Purchasing

30 November 2010

Aktiv Kapital Signs Major Debt Buying Deal in Spain

29 November 2010

Cabot Financial Helps Make Children in Need 2010 a Ringing Success

24 November 2010

Executive Change: Tom Bohn Named Executive Director of DBA International

23 November 2010

Executive Change: Asset Acceptance Names Director of Collections and Director of Agency Outsourcing

19 November 2010

Executive Change: Portfolio Recovery Associates Appoints Mike Pelone President, Government Services

17 November 2010

New Funding Primes UK Debt Buyer Lowell Group for Further Success

17 November 2010

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