UK Debt Purchase / Collection Industry Benefits from Tougher Regulation and Creditor Panels, Finds New Report
Debt purchase and debt collection are increasingly important UK industries with their services being used ever more widely. In the financial sector, their use has helped banks not only to improve recoveries but also to meet capital ratio requirements. The services are also increasingly being used in other areas where there are significant consumer debts, such as telecoms and utilities, as well as in areas of the public sector.
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