Debt Collection Agencies

up_the_creek_5

Hello

I was just wondering if anyone know's what DCAs normally pay for a debt how many pence in the pound.

Thanks

rog2

I think that the price is determined by the probability of being able to collect the debt, and could range from 80+pence/£ for a recent debt to literally pennies/£ for really old and statute barred debts.
Either way, I think it is a despicable practice and should be illegal.

up_the_creek_5

Thanks for that.

However, i was wondering if i have any legal rights to know what a DCA paid for my debt under the Data Protection Act/human rights legislation.

Thanks

rog2

up_the_creek wrote: »

However, i was wondering if i have any legal rights to know what a DCA paid for my debt under the Data Protection Act/human rights legislation.

Even if you did, which is an interesting question and way above my capacity to answer, the majority of DCAs already show scant regard to the OFT guidelines, so I would imagine they would show even less regard to the Data Protection Act or Human rights legislation.