Debt buyer
A debt buyer is a company, sometimes a collection agency or a private debt collection law firm, that purchases delinquent or charged-off debts from a creditor for a fraction of the face value of the debt. The debt buyer can then collect on its own, utilize the services of another collection agency, repackage and resell portions of the purchased portfolio or any combination of these options. At the corporate level Encore Capital Group and subsidiaries form the largest debt buyer and collector in the United States and Portfolio Recovery Associates is the second largest.
industry
primaryTopic
Debt buyer
A debt buyer is a company, sometimes a collection agency or a private debt collection law firm, that purchases delinquent or charged-off debts from a creditor for a fraction of the face value of the debt. The debt buyer can then collect on its own, utilize the services of another collection agency, repackage and resell portions of the purchased portfolio or any combination of these options. At the corporate level Encore Capital Group and subsidiaries form the largest debt buyer and collector in the United States and Portfolio Recovery Associates is the second largest.
has abstract
A debt buyer is a company, som ...... ociates is the second largest.
@en
Wikipage page ID
Wikipage revision ID
728,292,457
subject
hypernym
type
comment
A debt buyer is a company, som ...... ociates is the second largest.
@en
label
Debt buyer
@en