A Kaulkin Media Publication
LoneStar
January 7, 2009

Debt Purchasing

Debt purchasing, or debt buying, occurs when a debt buyer purchases portfolios of delinquent consumer credit accounts from creditors at a percentage of the actual outstanding value. The debt is then pursued by the debt buyer or is outsourced to a debt collection agency. Some debt buyers also resell the debt.

Credit card accounts make up the vast majority of debt buying. The industry as a whole saw the total value of debt buying double from 2000 to 2005. Debt purchasing is seen as a very solid strategy as all of the publicly traded accounts receivable management firms are debt purchasers.

Free reports on debt purchasing from insideARM:

Debt Portfolios for Sale

TransUnion
Global-Latitude Castel
  • Acxiom
  • eBureau
  • Interactive Data
  • TransUnion
  • Castel