The buyer can be a company or syndicate that specialise in debt purchase
The process can take between 7 to 28 days depending on the size and complexity of the debt
All sorts of debts are considered. we do not purchase debts subject to the Consumer Credit Act
The amount will depend on the nature of the debt and the age
No, once the debt has been purchased, you will not have any say in the collections process
Yes, the debtor will be notified in writing that the debt has been “assigned.’
Yes, it is perfectly legal to sell debts to a third party.
Yes, the buyer will assume the role as if he were the original owner of the debt.
Yes, the debt can be enforced in court, providing the statute if limitation has not expired
The seller relinquishes all rights to the debt once payment has been received