DCA's & PPI

[Angry Cat]

Some debt purchasers could see their businesses crippled if agreement is not reached on how the mis-sold Payment Protection Plan (PPI) tranches of debt portfolios are resolved.

Leigh Berkley (pictured) of the Debt Buyers and Sellers Group (DBSG) is warning that in extreme cases some firms could close as a result and is calling for a reform of the way banks buy back any mis-sold PPI portion of debts from debt buyers.

According to Berkley the commonly adopted system of buy back has worked while the volume of PPI complaints has remained low, but is becoming unsustainable. More..... Credit Today online

[pompeyfaith]

Re: DCA's & PPI

Well that can only be a good thing, it is not our fault that they buy in bulk and do not check what they are buying is lawful to collect.

Regards

[charitynjw]

Re: DCA's & PPI

Caveat emptor

[Angry Cat]

Re: DCA's & PPI

My heart bleeds for them.

[Never-In-Doubt]

Re: DCA's & PPI

Caveat emptor

Spot on! Although most the users here won't be familiar with Latin!

Caveat emptor= (let the) Buyer Beware!

[5corpio]

Re: DCA's & PPI

If you check the News headlines, this has already been published on the 13th July Forum:

LINKY: HERE

[Never-In-Doubt]

Re: DCA's & PPI

If you check the News headlines, this has already been published on the 13th July Forum:

LINKY: HERE

I know mate, most things are - give me a week or so and i'll restrict duplicate posts and email all users advising them where to find news stories.

Its on a long long list of to do's