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#1
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![]() My freind has a debt which he cannot afford to collect. Could i collect this for him ? how do i transfer this into my name ?
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#2
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![]() What do you mean? Can you not lend him the money to enforce it?
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#3
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![]() No i cant.
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#4
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![]() you missed the first question.....what do you mean exactly?
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#5
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![]() Are you asking if you can purchase a debt owed to your friend, so that you can collect it ?
In a similar vien to a DCA buying a loan from a bank ?
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Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me. Psalm 23:4 SgtChubbs (a.k.a chubbs) Posts are based on my own personal experience. No offence is intended and should not be taken |
#6
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![]() Its bank charges. Rathar than my freind persue them i would do it on his behalf etc.
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#7
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![]() An unusual idea
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Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me. Psalm 23:4 SgtChubbs (a.k.a chubbs) Posts are based on my own personal experience. No offence is intended and should not be taken |
#8
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![]() wouldn't the debt have to be valid and due before it can be assigned, like any other debt?
in this case, how are the charges due to your friend as a debt if the bank disputes they are owed? |
#9
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![]() Treat it like a bank debt as to many a people are following me about.
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#10
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![]() You could do it on his behalf if he wrote the bank concerned giving permission for you to act for him.
Are you thinking of becoming a CMC..Now you know the legislation regarding this... |
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