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 France and
Germany).
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 goneaways 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.
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 - France, Germany, Netherlands, Italy, Spain
- Write-off - UK or EU 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
