The founders of debt collection agency Fredrickson International have launched a debt purchase company to focus on smaller value deals. Merligen Investments founders Simon and Roy Jones will fund acquisitions of up to £1m and intend to spend £3m in the first year. “The mainstream debt buyers are only interested in the very high ticket purchases,” Simon Jones told Credit Today. “It has left a gap at the bottom of the market for people who don’t know they could sell debt, or have debts with a smaller value, such as mail order companies; smaller insurance and financial services companies and small utilities.”
.....Read more here--: Freds founders launch debt buyer Merligen