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Subject: How Much is My Debt Worth?

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Johnny Debt
Posts:326


20-09-2011 10:33 AM Alert 

Credit Services Association say on their site:

My debt was purchased; can I know how much it was purchased for?

No, this is commercially sensitive information so members are not obliged to divulge this. It is not the case that a debt purchased for less than the outstanding amount reduces, the full amount is still legally outstanding therefore knowing the purchase price does not make a difference.”

You bet this is commercially sensitive information!! Do you think they really want you to know how much they paid for your debt?

 

Link Financial Debt Collection Agency (DCA), say the following on their website:

“Through our debt purchase offering we unlock value in non-performing loans for our clients. Since 1998 Link has acquired more than 1,000 NPL portfolios across Europe alongside its financial partners for a total purchase consideration of close to €1 billion.

Our expertise and transparency means that we are trusted both by investors and clients  in a part of the market that is difficult to access and where there is a premium on compliance.”

I wonder how many non-performing loans there are to one portfolio?

To read more visit Johnny Debt


Johnny Debt
07957 13 13 13

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JD LAW
Posts:30


20-09-2011 1:00 PM Alert 
What irritates our firm is that most lenders claim on their insurance when a default occurs. The lender is in a win, win situation - they are re-imbursed by insurance, paid for the debt when they sell it on and the consumer is still legally bound to owe the whole amount.

They say politicians are the worse offenders, I'n not so sure......

JD LAW.CO.UK

0844 8248913
prettydwt
Posts:23

03-02-2012 4:35 AM Alert 

Thanks for the information’s. Very nice and a good list, I will surely follow it. Thank again

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Kensingtonwilliam
Posts:10

07-03-2012 6:06 AM Alert 

Thanks for the information’s. Very nice and a good list, I will surely follow it. Thank again

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senior living

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