Re: Robinson Way - Home Visit
NOA's are considered to be a " generic" document, there is no obligation on a Debt Purchaser or
the original creditor to store hard copies, a note on customers file stating that an NOA was sent is
all that is needed.
Debts are sold in bulk as portfolio lots a bank or loan/ card provider will sell off a portfolio of delinquent
accounts with a face value of hundreds of thousands of pound to one debt purchaser, which will review
take a view on which accounts are most likely to make them a profit, and chase them any " duff" debts
will be flogged on the another debt purchaser in a portfolio of mixed debt.
Some creditors will make a deal with debt purchaser to buy back debts on which a PPI claim has been
made for instance.
Bank charges are almost certainly dead in the water since the old OFT lost the bank charges test case, however charges
on credit cards ( LP penalties) can still be challenged.
If you feel an F&F offer of settlement is right for your circumstances please take advice on how to do it, needs to be carefully worded.
nem
NOA's are considered to be a " generic" document, there is no obligation on a Debt Purchaser or
the original creditor to store hard copies, a note on customers file stating that an NOA was sent is
all that is needed.
Debts are sold in bulk as portfolio lots a bank or loan/ card provider will sell off a portfolio of delinquent
accounts with a face value of hundreds of thousands of pound to one debt purchaser, which will review
take a view on which accounts are most likely to make them a profit, and chase them any " duff" debts
will be flogged on the another debt purchaser in a portfolio of mixed debt.
Some creditors will make a deal with debt purchaser to buy back debts on which a PPI claim has been
made for instance.
Bank charges are almost certainly dead in the water since the old OFT lost the bank charges test case, however charges
on credit cards ( LP penalties) can still be challenged.
If you feel an F&F offer of settlement is right for your circumstances please take advice on how to do it, needs to be carefully worded.
nem
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