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Rights and Duties in Debt Purchase... A Tessera Viewpoint

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  • Rights and Duties in Debt Purchase... A Tessera Viewpoint

    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....

    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.
    Well done Leigh Berkley, CEO of Tessera Group PLC and Chair of the DBSG
    My Blog
    http://cabotfanclub.wordpress.com

  • #2
    Re: Rights and Duties in Debt Purchase... A Tessera Viewpoint

    ROFLMAO

    So why do they continually state the opposite ?!

    Comment


    • #3
      Re: Rights and Duties in Debt Purchase... A Tessera Viewpoint

      perhaps that should be added to any letters we have to send and it is the reason the consumer has no trust in dca's glving out a load of bull
      If you think nobody cares if you're alive, try missing a couple of payments.

      sigpic

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      • #4
        Re: Rights and Duties in Debt Purchase... A Tessera Viewpoint

        Yes, I think it's time to start quoting the head of the DBSG's words of wisdom.
        My Blog
        http://cabotfanclub.wordpress.com

        Comment

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