FAQ

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Frequently Ask Questions

Please incorporate these frequently asked questions:

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

Some of our individual approach

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We can consider

Any unregulated debts

Selling a bad debt means businesses can strengthen their cash flow instantly!
Less time and money spent chasing payment from uncooperative and unresponsive debtors!
Better credit control efficiency!
A straightforward way to access money for bad debts quickly!
The smart way to take control of your businesses bad debt