Purchasing Debts

Debt Purchase are able to purchase your distressed debts in exchange for immediate payment, which has the following benefits to your organisation:

• It provides immediate and certain cashflow;
• It avoids having to incur potentially non-recoverable legal costs and disbursements, which could escalate dramatically and result in costs of the debtor having to be paid in the event of an unsuccessful action;
• It allows you to write your debt off in your records and avoid the cost of continued credit control which may be better utilised everywhere;
• It avoids the administrative headache of having to calculate bad debt provisions that then have to be carried forward until they are resolved;
• It may also result in an immediate tax write off which otherwise would have been delayed until a recovery, however small, was made.

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