Assignment of non defaulted debt

jon1965

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Joined: Mar 2012

Posts: 1469
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Assignment of non defaulted debt

3rd April 2013, 21:57:PM

Can a debt be it a credit card or loan that may or may not be in arrears be sold to a debt purchaser prior to a DN being issued.

If this is he case will the OC need to terminate the agreement prior to sale or can it be sold as is

Can the new owner the issue a fresh DN if the account falls into arrears

Is there legislation to allow for this?

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Assignment of non defaulted debt

Assignment of non defaulted debt

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