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Debt Buying Funding drying up........


sillygirl1
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I wonder if CAG was blamed for some of this bad (good) news?

 

http://www.credittoday.co.uk/news/news-item.cfm?news=2044

 

Purchasers now want higher returns, in that case they should make sure the portfolio is enforceable in its entirety and that all documentation is supplied at point of sale.

 

The days of list broking debts is now well and truly over (hopefully).

 

:whoo:

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so cabot brought marlin

no wonder all their old debts have been coming back on a phishing list again.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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i thought that was their address!

opps

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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I seel also that crudit toady are saying the oft have cracked down on hfc and welscum on the use of charging orders

PGH7447

 

 

Getting There Slowly

---------

 

Advice is given freely but is in no way meant to be taken as Gospel:-)

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I wish i had not read that article - how am i going to sleep tonight now?

 

What will happen to all those poor debt collecting agencies if they have no cheap debts to buy - and no money to buy them with.

 

I mean if they go out of business will there be enough debt colection agencies left to chase the old debt collection agents for their debts.

 

Where will it end? Debt collecting agencies complying with the law - and treating people with compassion and repect. Ok i am being silly.

 

But it would be nice to see Sharks eating Sharks :-)

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I wonder if the 'losers' will have learnt any responses from CAG when they start to get chased?:lol:

Every journey begins with a single step :):)

 

Please note: I have no qualifications in this area - my advice is learned from the wonderful members of this Forum. Thanks to you all for your help.

 

If you have found my post helpful please leave a short message by clicking the star to the left of my profile - Thank You

 

The only person entitled to your Personal Finance details is a Judge not a DCA

 

Move all banking activity to another banking group if you have a dispute - your funds can be used to offset debts within the same group.

Be careful with Banking details (card/account numbers) as these can be used to take unauthorised payments.

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