Hi just received a letter telling me that MBNA have sold my debt to Arrow Global Notice of Assignment,But in February I went bankrupt and MBNA were included in it,It does state in the letter that “our records indicate that you were declared bankrupt with the court ref ####.My question is why have they bought the debt knowing it’s uncollectable or is it?Credit card unsecured.Anyone have any advise.Thanks.
Mbna-arrow global
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Originally posted by Travis123 View PostHi just received a letter telling me that MBNA have sold my debt to Arrow Global Notice of Assignment,But in February I went bankrupt and MBNA were included in it,It does state in the letter that “our records indicate that you were declared bankrupt with the court ref ####.My question is why have they bought the debt knowing it’s uncollectable or is it?Credit card unsecured.Anyone have any advise.Thanks.
When debt purchasers buy debts they don't asses individual debts they are sold a book for £X and then it's about then extracting as much as they can for it. The seller has made something off your debt they knew they should have never gotten anything for, so they're happy.
Treats these leeches right.COMPLETING AN N180 DIRECTIONS QUESTIONNAIRE (SMALL CLAIMS TRACK) GUIDE
My posts here are based on my experience of a variety of life events. I have no formal legal training & if in doubt take professional legal advice or contact CAB. If you follow anything I write here you do so at your own risk & I accept no liability for any loss, costs or other outcomes.
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Originally posted by Travis123 View PostHi just received a letter telling me that MBNA have sold my debt to Arrow Global Notice of Assignment,But in February I went bankrupt and MBNA were included in it,It does state in the letter that “our records indicate that you were declared bankrupt with the court ref ####.My question is why have they bought the debt knowing it’s uncollectable or is it?Credit card unsecured.Anyone have any advise.Thanks.
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