Is It Illegal To Sell Debt?
The short answer to your question is No! You can legally sell your debt in the UK, and using a specialist company such as Debt Recovery Quotes can make the process quick and simple. Debt Recovery Quotes can provide you with a list of debt purchasers. You may have been trying to recover commercial debt, rent arrears, or a CCJ with little success. If you would like to speed up the process and recover your money quicker, then selling your debt could be the solution.
Selling debt within the UK is growing in popularity, particularly with businesses that may have several debts to recover, using a trusted expert who can introduce you to a list of debt purchasers can save you a lot of time. Debt Recovery Quotes can provide a free no-obligation quote with several of our best-matched companies who can assist. You can sell a single debt or several debts off to a dedicated company and recover your money.
How to sell my Debt in the UK?
If you have a debt that has been taking a lot of time and money for you to recover, you can request services from a debt recovery agency. The process is fairly straightforward and many people aren’t sure whether it is illegal to sell debt in the UK. It is not illegal to sell your debt within the UK to a collection agency. You can complete a quick and simple online form giving a few details of your debt including the amount, we will then handpick several best-matched debt recovery agencies to get in touch.
You will be able to negotiate an agreed amount with one of your chosen agencies who will then take over the debt and you will receive your money. The agency will then take care of contacting the person or business that their debt has now been transferred to a new person, a letter will be sent with the new contact details, debt amount, and a phone call is usually made if possible.
Once you have transferred over the debt to one of our agencies from our list of debt purchasers you can move on from the difficult times of trying to collect your debt. So if you have been wondering if you could sell your debt in the UK, rest assured you can.
