Debt purchase

DEBT PURCHASE. - We are currently looking to acquire UK or EU based lending portfolio that primarily consist of regulated consumer credit agreement 'goneaway' or trace & collect debt. Should you be looking to dispose of this type of debt, please telephone Corporate account services on 0113 228 4452 for further information. Find out more .....

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Members of the Credit Services Association

1ST LOCATE ® trace & collect

DEBT PURCHASE - purchasing portfolio that others decline!

1st Locate are one of the largest people locators or trace collect agencies in the U.K. We are actively looking to purchase consumer or commercial debt portfolios across Europe (particularly UK, France and Germany).

Unlike many other Debt Purchase companies, we especially want to purchase written off 'goneaway', trace or skip accounts. Our expertise in this sector enables us to purchase accounts that other organisations decline. One of the largest costs to any lender are losses associated with accounts that have 'disappeared'. Our expertise in tracing goneaway is second to none and we are often able to trace the debtor and restore relations with the customer resulting in the resumption of repayments.

Many organisations across Europe have written off considerable sums because of goneaway accounts. Our Debt Purchase service enables you to achieve a one off or staged tiered payment for these accounts. We are able to fund substantial purchases and have no limitations on deal size.

All of our tracing and collection activities are undertaken in full compliance with the relevant legislation and we are full members of the Credit Services Association. We are currently looking to acquire UK or European based lending portfolio that primarily consist of regulated consumer credit agreement 'goneaway' or trace & collect debt. Should you be looking to dispose of this type of debt, please telephone Corporate account services on 0113 297 7508 for further information.

Debt types eligible for purchase

Goneaway or skip trace debt - consumer or commercial
2nd, 3rd, 4th placement consumer or commercial debt
Prime or 1st placement consumer or commercial
Overseas - ex UK consumers now overseas
Overseas - EU, USA, AUS or NZ based consumers
Write-off - UK based write off / charge off debt consumer.

We will consider all portfolio types including:

Consumer credit - banking, credit card, hp, retail credit.

Telecomms

Utilities

Medical

Commercial

CLICK HERE to Contact Us

To obtain further information in confidence, please email: debtpurchase@1stlocate.com

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DEBT COLLECTION. - In addition to becoming one of the UK's leading Trace & Collect specialists, we also offer a professional prime debt collection, 2nd placement and write off recovery service. Our experienced staff and sophisticated technology ensure we are able to consistently produce high returns for our clients yet still maintain a professional & respectful approach with your customers. Our ability to resolve disputes and problems enables us to produce outstanding returns across all types of collection activity.

We supply our products & services to the Gas, Water & Electricity, Banking, Legal, Finance and other industries. Our ability to trace people combined with our approach to resolving problems has ensured we are one of the fastest growing companies in the debt recovery & tracing sector.

We now have a portfolio consisting of major Utility suppliers, Banks, Local Authorities & Finance Companies.

If you have small portfolio or even a single bad debt and you would like us to recover a bad debt on your behalf, CLICK HERE to instruct us. No success No fee!
Prospective Clients with larger volumes of bad debts requiring recovery should CLICK HERE and we will forward you more details and our bulk pricing tariff.

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CLICK HERE to instruct us

TRACE & COLLECT. - A significant portion of our client's bad debt provisions are usually made up from debtors where contact has been lost. Many of our competitors are loathe to take on this type of work because of the level of expertise and investment required to trace individuals.

Our business has developed from a trace only agent to one of the leading Trace & Collect agencies in the UK. Our average investment in each case placed with us approaches £20 before we have even made any collection. Experience has shown us that unless a Debt Collection Agent commits resource and is prepared for initial expense, recovery rates suffer. As a result of this, many agents concentrate on prime, where the initial investment prior to recoveries is small.

See details CLICK HERE to Contact Us UTILITY DEBT COLLECTION. Our experience in the Utility sector has developed around tracing and collecting debts but also the identification and resolution of periods of supply and responsibility for consumption. We currently service six of the largest Utility companies in the UK. Our debt negotiators are skilled in all types of Gas, Electricity and Water payment tariffs, metering options & measured/unmeasured consumption issues. We invest much time in staff training for this sector and the regulatory issues and restrictions in force. We are currently the top performing debt collection agency for a number of our Utility clients - let us show you how with a free trial for all new Utility clients.

CLICK HERE to instruct a full trace or

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TRACE only services. If you have only an occasional requirement to trace goneaway debtors then you can instruct us securely online by CLICKING HERE. Remember, there are no charges if we are unsuccessful. If you can instruct in large volumes or on a regular basis, you may benefit from our reduced pricing structure and you should open account facilities. Open an account .
Our price: £35.00 including VAT 17.5%

Search the VOTERS ROLL now. £7.50 for unlimited searches / in most circumstances we offer a service that will put you back in touch

Company credit report only £9.95

Directors interests £4.00

Copy of a Limited Company's Accounts £12.50

Copy of a Limited Company's ANNUAL RETURN + shareholder list £12.55

Debt purchase

Tenants - credit reference searches - Credit Check Bronze, Silver & Gold from £7.95 suitable for most landlords and letting agents

All of our people search and tracing activities are undertaken in full compliance with the relevant legislation and we are full members of the Credit Services Association. Additionally, we hold a comprehensive Data Protection Registration and are Licensed under the Consumer Credit Act by the Office of Fair Trading
1st Locate UK Limited, 3 Leodis Court, Leeds LS11 5JJ
Tel +44 (0) 113 297 7508

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