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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State AG Settles with Debt Collector of Payday Loans
29 March 2013
Decorated But Struggling Vet Gets Debt Settlement Deal, Grant Through ARMing Heroes
28 March 2013
Encore Capital Group Selects IO's Data Center as a Service to Support Rapid Growth
28 March 2013
FTC Settles with ARM Firm for $800,000 Over Convenience Fees
27 March 2013
Statutes of Limitations Frustrate Debt Collectors and Consumers
25 March 2013
Mike Ginsberg: Remembering an ARM Industry Stalwart
25 March 2013
Executive Change: Lowell Group Appoints Director of External Collections
25 March 2013
Debt Collectors Gone Wild? What The Media Doesn't Know
22 March 2013
CFPB Releases Annual FDCPA Report to Congress After Active 2012
21 March 2013
Debt Buyer Consolidation - Encore Capital and Asset Acceptance Transaction
21 March 2013
How About a Partnership with Fellow CFPB Supervisees from Other Industries?
19 March 2013
CFPB Leader Calls Debt Collector Examinations Preventive Rather than Reactive
18 March 2013
New York State Debt Collection Laws: I Love New York
18 March 2013
Executive Change: Stephan Ohlmeyer to Intrum Justitia as Director of Purchased Debt
18 March 2013
Are Recent UK ARM Acquisitions Isolated Events or Trend Setters?
15 March 2013
SCRA Compliance is Not Optional for Debt Collectors
13 March 2013
Nebraska Debt Collection Laws: Possibilities...Endless
13 March 2013
ACA: Debt Collectors Continue to be National Leaders in Resolving Consumer Complaints
12 March 2013
Javlin Capital Partners with First Equity Capital to Purchase Non-performing Residential Mortgages and "REO"
11 March 2013
Less than 50% of Debt Collection Complaints Easily Verified
11 March 2013