You can read the whole article HERE
But this snippet would appear to suggest that at least one debt purcase company takes the correct viewpoint when it comes to the oft misunderstood (at least amongst other debt purchasers) area of whether the purchaser buys BOTH the rights and duties....
Well done Leigh Berkley, CEO of Tessera Group PLC and Chair of the DBSG
But this snippet would appear to suggest that at least one debt purcase company takes the correct viewpoint when it comes to the oft misunderstood (at least amongst other debt purchasers) area of whether the purchaser buys BOTH the rights and duties....
The portfolios are priced at a fraction of the cost of the original face value (based on the likelihood of recovery) and are usually bid for by the purchasers, who in acquiring the portfolio acquire the rights and duties of the original creditor. For purchasers too, the practice offers numerous benefits not least the possibility of a substantial return, assuming the debt has been correctly priced.
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