We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
How much are credit cards sold on for?????????
stugall
Posts: 70 Forumite
in Credit cards
Hi
I am about to make offere for settlements with DMCs on 2 cards.
Does anyone have experience of how much DMC's buy credit cards from the bnaks for?
Eg Cabot bought a Halifax card (balance 6454)
Cabot bought a Monument card (balance 3455)
Answers on a plate (with mince pies) please!
Thx
Stuart
I am about to make offere for settlements with DMCs on 2 cards.
Does anyone have experience of how much DMC's buy credit cards from the bnaks for?
Eg Cabot bought a Halifax card (balance 6454)
Cabot bought a Monument card (balance 3455)
Answers on a plate (with mince pies) please!
Thx
Stuart
0
Comments
-
Anything between 3 and 20 percent. Depending on factors like, age of debt, past history of debtor, how long defaulted for.... oh, loads of things.
I'd be surprised if the Monument one is enforcable at all though. Just thinking out loud.
Cabot can now kiss my DONKEY. Statute barred is enough of a result, but the actions of the CABOT FAN CLUB have cost them far more than the paltry sums they were chasing us for. :beer:0 -
Actually i would say more like 30-40%Whether or not Monument is enforceable is another question, really depends on whether you account was kept by Barclaycard or passed on to CompuCredit, the latter being more likely.0
-
30 to 40%? Really? I very much doubt that. What do you base your figures on?
In my experience, most Monument CC "agreements" are application forms that fail miserably as an agreement as defined by the CCA 1974.Cabot can now kiss my DONKEY. Statute barred is enough of a result, but the actions of the CABOT FAN CLUB have cost them far more than the paltry sums they were chasing us for. :beer:0 -
Oh ok, i used to work for Barclaycard/Monument..0
-
In that case, you'll be better informed than most. Cabot can now kiss my DONKEY. Statute barred is enough of a result, but the actions of the CABOT FAN CLUB have cost them far more than the paltry sums they were chasing us for. :beer:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards