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Debt buyers CarVal Investors and Arrow Global have purchased a portfolio of securitised assets from Nationwide in a deal believed to be the first of its kind. The two firms, alongside JRC Consult Ltd, have purchased the remaining assets of a portfolio of “old-style” securitised student loans from Nationwide. It marks perhaps the first time in the UK that a buyer of unsecured consumer debts has purchased securitised assets.,....Read more here
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Re: Debt buyers snap up securitised loans
Blimey.
So you take out a student loan in the 90's and now your just about to have blood curdling DCA's chasing you as AG dont do it themselves.
If I have this correct in my head there are going to be some very bemused graduates sitting in plum jobs in leafy suburbs just about to have the likes of Marlin writing to them.
And how many hands did this debt go through. I was starting to struggle. Wonder if HMG told these students 15 years ago and these will be mid 30's now that taking on a student loan could seriously scare you sometime in the future.
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