TBI Financial Services, an independently-owned consumer debt purchaser, has acquired Go Debt Ltd, the Cardiff-based debt buyer previously owned by law firm Geldards. TBI issued a statement confirming that all ongoing collection of the Go Debt Portfolios has transferred to its offices in Reading. Kevin Edgar, managing director of TBI, said: “Whilst we cannot realistically compete with the major debt buyers in the UK market, this acquisition confirms there are still opportunities for the smaller debt purchaser. “The acquisition compliments our ongoing strategy of purchasing niche portfolios of consumer finance paper.” TBI Financial Services was founded in 1994 to acquire a mixed credit portfolio from Security Pacific Trust Ltd, comprising 13,000 accounts with a face value of around £52m. The portfolio included the full spectrum of both consumer and commercial credit agreements offered by Security Pacific including hire purchase, leasing, personal loans and mortgage shortfalls......Read more here