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Mortgage lender buys credit card debt
The Paragon Group of Companies has completed the acquisition of a portfolio of closed UK consumer credit card debt from MBNA Europe Bank for £16.1m. The deal was previously announced on 3 September but was finalised today (10 September) by the firm. In a separate statement, the mortgage lender also announced that it has purchased £25,000 of unsecured consumer loans from the Royal Bank of Scotland through its debt buyer subsidiary Idem Capital Securities under the terms of a forward flow agreement.....Read more here: Mortgage lender buys credit card debtYou must be logged in to post a comment.
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