credit card companys

[everton2005]

hope someone can answer this why do some companys take you to court themselves and others sell the debt on .certain companys sell some debts and fight the rest themselves ,why dont they fight them all themselves:?:

[harrassed senior]

I would think that it is purely a financial decision as to what will work out best for the OC. If they have a large in-house collection department then they may well be able to persue a debt for longer than a CC company with no real debt department.

 

When they make the decision to sell, they get so much in the £ and then can write off the balance for tax concessions.

 

I think, especially in the current climate they will do all they can to get rid of debt and have a small amount, ie the sales amount in credit.

 

Not a 'high financial flyer' so this is just a personal opinion.

[zazen.warrior]

They off load them so they aren't seen to be carrying a lot of bad debt.