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Debt buyer continues acquisition trail
Idem Capital, the debt buyer subsidiary of mortgage lender Paragon Group, has announced today a portfolio acquisition of closed UK consumer credit card receivables from MBNA Europe Bank. The deal is expected to be £16.2m, but will be a maximum of £16.9m, payable at completion on 10 September. It follows Idem’s previous acquisition of a portfolio of closed UK consumer credit card accounts from MBNA in December 2011 for £55.7m.....Read more hereYou must be logged in to post a comment.
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