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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Martin Sher Takes the Gavel as President of ACA International
9 August 2010
National Consumer Law Center Releases Report on ?The Debt Collection Machine?
9 August 2010
Crown Asset Management, LLC Completes Recapitalization
9 August 2010
Could Asset Acceptance Exit Create Health Care ARM Market Leader?
9 August 2010
Cabot Financial Awarded Bronze Status By Investors In People
6 August 2010
Asta Funding Announces Financial Results for Third Quarter and Nine Months of Fiscal 2010
5 August 2010
Government Collections Sector Evolving into Full Service Market
5 August 2010
Exhibitors Pay Attention - Net Back Applies To You Too
4 August 2010
Executive Changes: New Managers in Sales and Collections at Lowell Group
4 August 2010
Encore Capital Group Announces Record Net Income for Second Quarter 2010 and Increased Revolving Credit Facility
3 August 2010
Common Valuation Myths ? Fact vs. Fiction
3 August 2010
Executive Change: Asset Acceptance Names Steve Yanover Branch Manager in San Antonio
2 August 2010
ARM Association Leaders Discuss Coordination of Efforts
2 August 2010
FDCPA and Other Consumer Rights Lawsuit Statistics for July 1-15
2 August 2010
Asta Funding to Report Third Quarter and Nine Months Results of Fiscal Year 2010
30 July 2010
Cabot Financial Wins West Kent Stop Smoking Service Award
30 July 2010
Debt Buyers Portfolio Recovery and Asset Acceptance Beat Earnings Estimates
30 July 2010
Could the Bureau of Consumer Financial Protection be Positive for Collectors?
29 July 2010
insideARM.com Appoints Forward Thinking Editorial Board
28 July 2010
NY AG Settles Case Against Debt Collector for $125,000
27 July 2010
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