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Over half of DCAs grow turnover in 2009 - 01/06/2010


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Credit Today online

 

Just over half the number of debt collection agencies (DCAs) grew their turnover during the last year, according to the latest Experian White Paper report into the industry.

 

The paper, entitled Debt Collection in Lean Times, shows that while 52 per cent of DCAs improved turnover the number of firms that ceased trading increased to 10 per cent, compared to six per cent the year before.

 

One per cent of DCAs became insolvent during 2008, while a further five per cent were wound up with no debts. In 2009, however, this had increased to two per cent of DCAs becoming insolvent owing money, and a further eight per cent being dissolved

 

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DCA1 sells unenforcable debt to DCA2.

DCA2 sells this unenforcable debt to DCA3.

DCA3 sells this unenforcable debt to DCA1.

Repeat.

 

DCA1,DCA2 and DCA3 can all claim an increase in turnover.

As of 03/03/12 please do not under any circumstances wait for my further input or guidance on any current thread or defence of a court claim I might have been involved in on or through Cag.

Jasper1965

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