5d • General discussion
Why?
I have a question about my current position with PRA, which is in another post.
Why do companies like PRA, who are a DCA, then pass the debt to firms such as Resolvecall to collect? It makes me feel like there’s some kind of scam going on. The same thing happened with Link Financial, who also passed the account to Resolvecall, but that case is now waiting for a court date and nothing has come of their involvement so far.
On a related point, I know we’re looking at using GDPR to challenge the involvement of DCAs, but my concern is more basic. They claim to have bought a debt – say a £10,000 balance – yet we all know they haven’t paid £10,000 for it. I know this from experience: Lowell offered me a 70% discount if I paid within three months. That makes it obvious they bought the account for a fraction of the face value.
So how can it be legal that a DCA might buy a £10,000 debt for, say, £300 and then pursue you for the full £10,000, claiming that’s what you now owe them? In a fair justice system this just doesn’t feel right, and I’m struggling to understand how it is allowed.
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Why?
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