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Interesting. We all know that debt purchasers pay peanuts for defaulted accounts, but there it is in black and white, buried in Cabot's latest financial report.
They paid an average of just 15.1p per £ in the last quarter, that's down from 20p in the £ in the same quarter last year. Perhaps AAD is helping make their purchased portfolios less valuable, who knows
http://www.cabotcm.com/investors
They paid an average of just 15.1p per £ in the last quarter, that's down from 20p in the £ in the same quarter last year. Perhaps AAD is helping make their purchased portfolios less valuable, who knows
http://www.cabotcm.com/investors