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.
Filter by Location
insideARM Weekly Recap – Week of June 17th, 2024
24 June 2024
Indiana Appeals Court Rules That a Passive Debt Buyer Is a Debt Collector under the FDCPA and State Law
19 June 2024
MN Bill Proposes to Ban Medical Debt Sales
14 March 2024
NY Federal Court Denies Motion to Dismiss CFPB Lawsuit Against Debt Buyer Companies And Their Owners/Officers For Unlawful Debt Collection Practices Based On Third-Party Conduct
11 October 2023
New York District Court Approves Class Action in FDCPA Case Alleging Improper Debt Assignment Notification
6 September 2023
Nevada Expands Collection Agency Licensing Requirements
5 July 2023
Why Can’t Courts Agree to The Definition Of Debt Collector?
30 May 2023
New Wyoming Bill Requires Licensure for Debt-Buyers
15 March 2023
Credit Eco to Go: Can we Achieve Consistency to the Complex? [Podcast]
3 January 2023
Massachusetts AG Reaches $12 Million Settlement With Consumer Debt Buyer
20 October 2022
CFPB Sues United Holding Group, its Affiliates and Owners; UHG Responds, Denies Allegations
11 January 2022
Think Differently: How to Prepare for Debt Sales
11 November 2021
Credit Eco To Go: Adhering to the Price of Admission
7 September 2021
Utah District Court Finds Petition Clause Bars FDCPA Suit Brought Against Debt Buyer for Filing Collection Suit Without a License
18 August 2021
CA DFPI: Debt Collector License Application Due by Dec. 31, 2021
21 July 2021
Think Differently: How (and why) You Should Integrate Debt Sales into your Strategy
20 July 2021
Mass. Releases Webinar on Examination and Legislation Strategy for Debt Collectors
21 January 2021
A Review of Supreme Court Justice Amy Coney Barrett's Prior FDCPA Court Decisions
27 October 2020
Credit Eco To Go: A State of the ARM Industry Discussion
21 September 2020
CFPB Sues Encore for Issues Related to Collection Litigation and Time-Barred Debts (and the Irony Behind Some of These Claims)
9 September 2020