Unredacted Deed of Assignment??

[Estudiantes]

Have any of you ever seen a Deed of Assignment between a credit card company and a debt buying company that has not been redacted.

I know many have seen redacted ones.

The part I am especially interested in knowing about is the overall face value of the debt sold and the buying price.

I have always speculated that it is around the 10% mark.

Alternatively can any one point me in the direction of one that may have been posted on here or any other consumer forum.

Thanks.

[The Debt Star]

Re: Unredacted Deed of Assignment??

Its a good question because influences any F&Fs made

[Caspar]

Re: Unredacted Deed of Assignment??

A very good question, but I imagine the answer lies hidden well in the depths of a DCA's vaults!

[Garlok]

Re: Unredacted Deed of Assignment??

It is accepted by many, including the legally qualified that 10% is a figure that is normal and seems to be a starting point for many legal professionals when negotiating a F & F.

regards
Garlok

[charitynjw]

Re: Unredacted Deed of Assignment??

Commercial confidentiality?

[seduraed]

Re: Unredacted Deed of Assignment??

I did a google search sometime ago and one of the drc's had rates they bought at depending on the age of the debt. sorry lost the link and haven't got time to go deep down googling

[Caspar]

Re: Unredacted Deed of Assignment??

Just been googling around this and found a BBC Watchdog item from 2009. There is a letter that you can download:

BBC - Watchdog: Lowell - chasing debts

They say if the DCa cannot produce a reply within 28 days they can't collect the debt. Anybody know on what legislation they claim this?

[Estudiantes]

Re: Unredacted Deed of Assignment??

Thanks for the replies so far.........