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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Kaulkin Ginsberg Announces the Launch of a 2014 Webinar Series
4 February 2014
Castel Exhibiting at 17th Annual DBA International Conference
4 February 2014
Intrum Justitia Acquires Leading Czech Debt Buyer for $42 million
3 February 2014
The Evolution of Debt Collection Industry Conferences
30 January 2014
Take insideARM's Annual Operations, Compliance and Technology Survey; Get $5
30 January 2014
insideARM.com Launches TCPA Resources Page for Debt Collection Industry
30 January 2014
DBA International Announces Certification Faculty for 2014 Annual Conference
29 January 2014
Collection Industry Tries to Find Common Ground with Consumer Groups
28 January 2014
KirkpatrickPrice is Chosen by DBA International to Perform Debt Buyer Certification Audits
27 January 2014
15 ARM Firms Among Top 50 Creditors Listed in Bankruptcy Filings
24 January 2014
insideARM Summit Kicks Off with Talk on Debt Collection Rulemaking
23 January 2014
FLOCK Announces Recapitalization of Debt Buyer Velocity Portfolio Group
22 January 2014
What is a Collection Complaint?
21 January 2014
Landmark FDCPA Victories Finally Limit "Least Sophisticated Consumer" Standard
16 January 2014
How to Position your ARM business for Maximum Value, Regardless of When you Sell It
15 January 2014
CFPB Extends Deadline for Comments on its Debt Collection Rulemaking Proposal
14 January 2014
New York Times Explores CFPB’s Next Moves, Including Debt Collection
13 January 2014
California Judge Pushes Forward Consolidated TCPA Action Against Debt Buyer
10 January 2014
State AG Sues Another Debt Buyer Over DDA Account Collection
9 January 2014
Is it Time to Adjust Budgets and Forecasts?
7 January 2014