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Bad Debt


Denzlepob
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Just a thought, let's say a bank writes off £3m of bad debt as a tax dodge, they then sell the debt on to a DCA for 5p in the £

 

Do they write off the full £3m or is it minus the 5p ?

 

Just wondering if the banks have a hidden cupboard monster.

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  • 6 years later...
Just a thought, let's say a bank writes off £3m of bad debt as a tax dodge, they then sell the debt on to a DCA for 5p in the £

 

Do they write off the full £3m or is it minus the 5p ?

 

Just wondering if the banks have a hidden cupboard monster.

 

It's minus the 5p.

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thread is 7yrs old

now closed

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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