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cashins

Debt Collection - Interesting stuff

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This is part of The Lewis Group site:

 

Litigation in Debt Collection

 

Other article make interesting reading as well:

 

'Litigation & Enforcement'

 

'Creativity in Debt Sale'

 

Undoubtedly an element of 'selling the company' in some of it but a lot of it rings true in that there is a commonsense aspect. (Something in short supply in this industry along with any measure of competence, which accounts for the constant cock ups.)

 

Debt Sale paints a picture in a massive rise in the number of debts companies want to offload coupled with a huge rise in can't pays. Debt Buyers are getting 'picky' and don't want the cr*p. Result can only be a very sharp fall in the value of the debts.

 

Could well explian why the likes of MBNA have done an about face on debt sale and are trying to enforce many of their own.

 

David

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Debt Sale paints a picture in a massive rise in the number of debts companies want to offload coupled with a huge rise in can't pays. Debt Buyers are getting 'picky' and don't want the cr*p. Result can only be a very sharp fall in the value of the debts.

 

Could well explian why the likes of MBNA have done an about face on debt sale and are trying to enforce many of their own.

 

 

I was wondering when they'd start to suss that out :roll:


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This appears to be a fairly sensible article; you'd wouldn't guess from it that Lewis's litigation is in the hands of Cock-up Cohens.

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This appears to be a fairly sensible article; you'd wouldn't guess from it that Lewis's litigation is in the hands of Cock-up Cohens.

 

Well, yes.

 

I saw a well reasoned article by Nick Ramsden on the subject of compliance within debt collection, some time ago.

 

With some thought, many could well develope a strategy to achieve the desired goals. I suspect making it happen is the preserve of the few in that 'cheapskate' industry!

 

David

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Anymore news on Cohens 'court orders'

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Thanks for that link cashins:D


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