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?
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