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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SquareTwo Financial Improves Financial Operating Structure
3 May 2013
State Shuts Down Collection Agency; Warns Other Debt Collectors on Payday Loans
2 May 2013
FTC, CFPB to Co-Host Roundtable on Data Integrity in Debt Collection
2 May 2013
Plan for Success: Smart Tips for Your Business
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Portfolio Recovery Associates Throws Around Big Numbers in First Quarter
1 May 2013
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Dramatic (Positive) Change in Tennessee Debt Collection Law
30 April 2013
Asset Acceptance Announces Results of a Tough First Quarter
30 April 2013
Debt Buyers Set First Quarter Results Reporting Dates
29 April 2013
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26 April 2013
CFPB In Action: A Roundup of Recent Activity - April 23, 2013
25 April 2013
New York Assembly Passes Debt Collection Bill; Also Lowers Statute of Limitations
25 April 2013
Fitzgerald Debt Acquisitions Introduces New Debt Management Firm, Fitzgerald Equity Partners
23 April 2013
Receivables Management Association of Canada Launches Blog Feature
22 April 2013
To Sell to a Strategic, Financial or an Industry Buyer? Growth May Guide Your Decision
19 April 2013
Collection Affidavits Focus of Exposé of Debt Buying Practices
18 April 2013
Encore Takeover of Asset Acceptance Clears Hurdle; Moving Forward
12 April 2013
Debt Buyer Encore Capital Announces New CEO
11 April 2013
Asset Acceptance Associates Raise Money for Local Youth During National Financial Literacy Month
11 April 2013