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Marlin - Debt buyer snaps up NRAM (northern rock) loans
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Marlin - Debt buyer snaps up NRAM (northern rock) loans
Debt buyer Marlin Financial Group has acquired Northern Rock Asset Management’s portfolio of non-performing unsecured personal loans. The sale was based on the portfolio position as at the end of February 2013 and the full transfer of legal title and servicing of all the accounts will take place within the next six months. The deal also marks a potential watershed as Northern Rock Asset Management (NRAM) is run by UK Asset Resolution (UKAR) and as such, the deal represents the sale of debt which is overseen by a public body.....Read more hereTags: None
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