Debt Buying Professionals See Improvement and Significant Challenges Ahead

Mike Ginsberg

Like many of you reading today’s news, I attended the Debt Buyers Association’s annual conference in Las Vegas last week. I enjoyed spending a few days away from my office catching up with industry friends, making new connections and gaining perspective on the affairs shaping our industry. Fortunately, I did not lose any money at the tables this trip because I was only there for a short while and did not have the time or energy to gamble. Otherwise I would have made my annual contribution to the casino fund raisers (A.K.A., gambling).

I left the conference pondering the state of debt buying, concerned about the future for those involved in purchasing receivables (in spite of current stock performance of the public companies), and the companies providing financing, products, and services to debt buyers.

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