Finding a debt purchase company

New_Star · 6 June 2018 at 5:57PM

Hi. I have someone who owes me £9,500. There is a CCJ against her dated 1st Feb 2018. And although she promises and promises she never comes up with the money. She is currently not working, doesn't own her own car or home and claims to have no saving etc. I am so sick of trying to get something from her that I am thinking of selling this debt on. Does anyone know of a good Debt Purchase Company who might be interested in buying this kind of individual, one-off debt from me?
Thanks.

Blackadr · 6 August 2018 at 12:57PM

I have the exact same problem though am only(!) owed £2000. I have been chasing payment for 18 months now but would love to sell the debt and not have the hassle/anxiety even if only for 10p in the pound. All the companies I have spoken to only deal with larger portfolios and are not interested in individual debts. The CCJ is next to useless because my guy is an old hand at dodging his debts (is a benefit pro, leases his car, owns nothing of value, never lets bailiffs in, uses family members to hold his money, changes bank account regularly) Yet I know he can afford to repay me (e.g. he just got back from a trip to the US!). It seems to me society is very much on the side of the debtor and the only tools available to creditors are next to useless. It's effectively sanctioned theft.

Please post if you do find a buyer - I'll do the same.

paulbrighton2018 · 11 August 2018 at 6:10PM

If that person had run up that large a debt, must have had some intention to pay back, or just rip you off..

Have you considered taking to high court, for bailiff recovery? May get repayment plan, more than selling on (if any firm would touch it..)

Craig1981 · 12 August 2018 at 11:37AM

bailiffs are good for payment plans to use removal of goods as leverage. but, if no assets like OP suggests, probably fruitless and expensive to do so...

2 options:
1) you could apply to the court to make an attachment of earnings order - you can advise them you'll be doing this, may make them pay
check https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/718846/ex323-eng.pdf

2) you could file to make them bankrupt - yes it will cost you money, but the threat of this may get the to cough up payments. more info here:
https://www.gov.uk/apply-to-bankrupt-someone

good luck

sourcrates · 12 August 2018 at 8:49PM

I very much doubt Lowell or their ilk, will buy a single account from anyone.

Bad debt is bought in bulk you see, many thousands of portfolios at a time, one account would not be worth there while.

You would be better served applying to the high court (assuming the debt is not regulated by the CCA) and getting HCEOs to attend there address, costs are from around £66.

They have the best chance of getting your money back.

DCFC79 · 12 August 2018 at 8:59PM

New_Star wrote: »

Hi. I have someone who owes me £9,500. There is a CCJ against her dated 1st Feb 2018. And although she promises and promises she never comes up with the money. She is currently not working, doesn't own her own car or home and claims to have no saving etc. I am so sick of trying to get something from her that I am thinking of selling this debt on. Does anyone know of a good Debt Purchase Company who might be interested in buying this kind of individual, one-off debt from me?
Thanks.

Soyou lent her £9,500, why would you lend a friend that amount of money. Its madness.

Finding a debt purchase company

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