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Moon phases


Proof DCA Buy and Sell Your Debt

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Proof DCA Buy and Sell Your Debt

Post by pipsaholic on Sat Jan 20, 2018 6:13 pm

Hi guys,

Got this letter today. There are many that still believe that DCA companies do not buy and sell your debt. Here is proof Vanquis Bank selling debt to Cabot Financial.

https://2img.net/h/s13.postimg.cc/8hlep3qzb/Cabot.jpg
https://2img.net/h/s13.postimg.cc/wpsyqmdcn/Vanquis.jpg


Last edited by pipsaholic on Sun Jan 21, 2018 1:03 am; edited 1 time in total

pipsaholic
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Re: Proof DCA Buy and Sell Your Debt

Post by pipsaholic on Sat Jan 20, 2018 7:06 pm

Debt collection agencies DO buy/sell debt without doubt.

Some even admit it.

There will still be many who are against getoutofdebtfree.com saying were paranoid and they don't buy/sell debt.

This is my 2nd letter I have received them admitting it they usually says its been passed over to cover themselves but not this time Smile


Last edited by pipsaholic on Sat Jan 20, 2018 7:17 pm; edited 2 times in total

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Re: Proof DCA Buy and Sell Your Debt

Post by pipsaholic on Sat Jan 20, 2018 9:02 pm

Thing is until we see proof as in the 3 letters we can't take their word for it saying they have passed it on they could just say that but in fact sell your debt.

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Re: Proof DCA Buy and Sell Your Debt

Post by 1saberwow on Sun Jan 21, 2018 12:24 am

Hi pipsaholic. You need to cover those scan boxes in your letter from Vanquis.

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Re: Proof DCA Buy and Sell Your Debt

Post by pipsaholic on Sun Jan 21, 2018 1:04 am

done thanks.

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Re: Proof DCA Buy and Sell Your Debt

Post by Tiggy on Sun Jan 21, 2018 9:58 am

Original creditors sell on bad debts, the main debt purchasers are:

Hoist
PRA
Cabot
Lowells

Then there are agents who work for either an original creditor or one of the above purchasers, these are (to name just a few):

Fredricksons
Wescot
Robinson Way
Moorcroft

Not sure what you're trying to say Pips, were you not aware that original creditors sell on debts?

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Re: Proof DCA Buy and Sell Your Debt

Post by pipsaholic on Sun Jan 21, 2018 1:48 pm

What I was saying is they tell you they have not purchased the debt its been passed to us when in fact it has been purchased and they are insured against losses for non collection of the bought debt.

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Re: Proof DCA Buy and Sell Your Debt

Post by pipsaholic on Sun Jan 21, 2018 2:53 pm

When someone is terminally ill or death or dormant account they use insurance to claim back losses/write offs they pay a yearly fee then make claims. Both the original creditors and 3rd party interlopers.

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Re: Proof DCA Buy and Sell Your Debt

Post by pipsaholic on Sun Jan 21, 2018 4:59 pm

i heard it once on a phone call on youtube from 1 company manager, however it makes sense all these creditors know before opening a business that 100-1000 people will default each year how will we reclaim losses go to court to reclaim or make a claim with insurance? Seems logical.

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Re: Proof DCA Buy and Sell Your Debt

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