New answers tagged payment
2
They write the debt off
Purchasing debt is a risky business - that’s why they only pay pennies in the pound for them.
There are many reasons why a debt may be irrecoverable:
There may be no basis for the debt
The debtor may have a valid counter-claim against the creditor
The debtor may be able to successfully dispute the debt
The debt may “age out”, that is ...
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