Debt sale and debt purchase has really established itself as a fundamental component in the debt recovery process. dlc have built an excellent relationship with many banks, credit card and mainstream financial companies, and are able to support a range of transaction types.
dlc are involved in buying large portfolios of debt, which are typically made up of credit cards, loan, banking, asset finance, mortgage shortfall, and retail credit accounts. We only consider the purchase of portfolios where the face value of receivables is in excess of £1.5 million.
Many of the relationships developed with creditors have been as a result of dlc’s clear and open negotiation principles, which have never been compromised in completing on a transaction.
Each of our clients has varied business drivers and faces unique challenges. Taking this into consideration, we work with our clients in a consultative manner to create the most appropriate debt purchase contracts. We pride ourselves on the ease of dealing with dlc in that we will meet our completion dates as agreed and operate streamlined processes to minimise on-going support requirements for our clients.
Our customer engagements are designed to deliver the fairest possible outcomes for customers so that they can resolve their debt situations in a sustainable manner.
dlc’s central working practices are built on ensuring adherence to the FCA CONC rules and guidance, upholding the Credit Services Association (CSA) code of practice and the Lending Code.