Hi, I am a new user and I have debts of about £40,000 divided among 15 creditors. I have been paying £1 per month to each of these creditors for several years now. They have all been bought or passed on to debt companies who took over the £1 monthly payments. I have been on Incapacity benefit for several years with heart problems. I am now in the process of asking the debt companies to write off my debts on medicals grounds because I now cannot even afford the £1 per month. Some of them have said this may be possible if I provide evidence. does anyone know how much these debt companies pay for loans or credit card debts that are bought from the original creditors? I would have thought that no one in there right mind would pay much for a debt that is being paid at £1 per month. I would be very interested if anyone knows for sure what percentage is paid for these debts by the debt companies.