27d • General discussion
The Con of DCA's
Hi All, I know this group is knowledgeable on the subject of DCA's but I was going through paperwork and came across a letter I received from Lowell, which is an alleged loan debt that was passed to them from Lloyds Banking Group for £16,878.47, I agreed a payment plan with them as I want to deal with these leeches one at a time, I couldn't deal with multiple court cases, still waiting for a court date with Link Financial, anyway I set up at the minimum amount possible £50 per month, this obviously frustrates them, as it will likely never get fully paid, the letter attached is offering me a 70% discount on the alleged amount owed, so if as they claim the bought the £16,878.47 debt, why would they be prepared to allow me to pay £5063.47 to clear the alleged debt, what business would ever offer something where they would lose £11,815.00 this just proves they do not buy a debt for the actual amount, it's all a con
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The Con of DCA's
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