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Possible to get DCA to reveal how much they bought debt?

Just curious but is there any way to get a DCA to reveal how much they bought your debt for? Freedom of information act maybe?

Might help when offering full & final offers/settlement negotiations
:j

Comments

  • sourcrates
    sourcrates Posts: 31,956 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    ferry wrote: »
    Just curious but is there any way to get a DCA to reveal how much they bought your debt for? Freedom of information act maybe?

    Might help when offering full & final offers/settlement negotiations

    Hi,

    No basically.

    Gets asked a lot, freedom of information act only applies to government or official bodies, it does not apply to private companies.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • ferry wrote: »
    Just curious but is there any way to get a DCA to reveal how much they bought your debt for? Freedom of information act maybe?

    Might help when offering full & final offers/settlement negotiations

    No chance whatsoever.

    It's privileged information between buyer and seller. Nothing to do with anyone else.
    "There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Eighth Anniversary 500 Posts Combo Breaker
    edited 20 March 2016 at 11:45AM
    it's literally pennies for every pound of debt. The figure I've heard most is 6% of the original debt, sometimes going to 10%
  • ferry
    ferry Posts: 2,016 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Interesting.
    Is there a tiered offer to debt ratio for full and finals?
    :j
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