Debt Collectors

Debt collectors are buying up debts for as little as 10 pence in the pound. In the hope that when they collect the debt they can can get more back from the debtor than what they paid for it. Credit cards and loans that have been defaulted on can be reassigned to another company who then becomes the owner of the debt. Debt collectors are set to spend 1.5 billion on bad debt from banks and other lenders by the end of 2017 almost doubling previous figures according to leading credit ratings agency Standard & Poor.
Arrow Global, Cabot Financial and Lowell control 40% of the UK market. Need help dealing with a debt collector contact Twinpier

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