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DCA's - what do they pay for debts


100mel
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It depends on several things but anywhere between 10 & 35%

Anthrax alert at debt collectors caused by box of doughnuts

 

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Hi Mel,

 

I watched Undercover Debt Collector on Channel 4 a few weeks back and I was shocked at how little they pay!

 

According to a debit collection expert and insider some debts are bought for as little as 10p in every pound!

 

Some of these DCA's must be making huge amounts of money. Imagine a debt of say £100 that a company buys for £10 therefore making a profit of £90!

:!: Activ Kapital 2009 - £316 debt cancelled due to no credit agreement

 

:!: TNC Legal Collections (Swinton) - £61 written off due to complaint being upheld with the FOS

 

:D Be Happy and treat people exactly how you would like to be treated

 

:mad: Don't let people take advantage of you and stand up for your rights and beliefs

 

:p You only live once so don't take things so seriously

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Hi Mel,

 

I watched Undercover Debt Collector on Channel 4 a few weeks back and I was shocked at how little they pay!

 

According to a debit collection expert and insider some debts are bought for as little as 10p in every pound!

 

Some of these DCA's must be making huge amounts of money. Imagine a debt of say £100 that a company buys for £10 therefore making a profit of £90!

 

Thats before they put their own charges on aswell!!!!!!!

Andy...

 

 

 

 

 

 

 

 

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One particular Lowlife recently bought a porfolio of debt with a face value of £50 million for just under 7p in the £. :rolleyes:

Anthrax alert at debt collectors caused by box of doughnuts

 

Make sure you do not post anything which identifies you. Although we can remove certain things from the site unless it's done in a timely manner everything you post will appear in Google cache & we do not have any control over that.

 

Vir prudens non contra ventum mingit

 

[sIGPIC][/sIGPIC]

17 Port & Maritime Regiment RCT

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Thats before they put their own charges on aswell!!!!!!!

 

 

Agreed, the usual ones are late payment charge, default charge, letter charge, interest charge etc etc.

:!: Activ Kapital 2009 - £316 debt cancelled due to no credit agreement

 

:!: TNC Legal Collections (Swinton) - £61 written off due to complaint being upheld with the FOS

 

:D Be Happy and treat people exactly how you would like to be treated

 

:mad: Don't let people take advantage of you and stand up for your rights and beliefs

 

:p You only live once so don't take things so seriously

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One particular Lowlife recently bought a porfolio of debt with a face value of £50 million for just under 7p in the £. :rolleyes:

 

Seriously?

:!: Activ Kapital 2009 - £316 debt cancelled due to no credit agreement

 

:!: TNC Legal Collections (Swinton) - £61 written off due to complaint being upheld with the FOS

 

:D Be Happy and treat people exactly how you would like to be treated

 

:mad: Don't let people take advantage of you and stand up for your rights and beliefs

 

:p You only live once so don't take things so seriously

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One particular Lowlife recently bought a porfolio of debt with a face value of £50 million for just under 7p in the £. :rolleyes:

 

Lets hope they only get 5p in the £1 back then. Even better if they get sweet FA

Andy...

 

 

 

 

 

 

 

 

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Seriously?

 

Yes, there was a thread on here where the paperwork was posted a few months ago.

Anthrax alert at debt collectors caused by box of doughnuts

 

Make sure you do not post anything which identifies you. Although we can remove certain things from the site unless it's done in a timely manner everything you post will appear in Google cache & we do not have any control over that.

 

Vir prudens non contra ventum mingit

 

[sIGPIC][/sIGPIC]

17 Port & Maritime Regiment RCT

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Yes, there was a thread on here where the paperwork was posted a few months ago.

 

Yep I read that thread also, shocking!:eek:

Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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Can someone point me to that thread?

 

thanks

 

The thread was closed and moved to a 'invited members only' area because of legal reasons.

Anthrax alert at debt collectors caused by box of doughnuts

 

Make sure you do not post anything which identifies you. Although we can remove certain things from the site unless it's done in a timely manner everything you post will appear in Google cache & we do not have any control over that.

 

Vir prudens non contra ventum mingit

 

[sIGPIC][/sIGPIC]

17 Port & Maritime Regiment RCT

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