Can I sell a debt on?

collector08 | 10:49 Sun 29th Jun 2008 | Business & Finance

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I am owed a sum of money from a company, after having the debt put into hands of a debt collecting agency,and paying over �400 for them to try and retrieve the money, I have now been informed that the company collecting the debt has gone into liquidation. Is there any way i can sell the debt on to a collector? as I do not want to lose more money chasing the debt. Thankyou.

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Ethel

You can, if the debt is large enough. Expect around 60% of the debt.

Question Author

Thanks for your reply , do you know of any reputable companies to do this for us, or of any I could contact. Thanks for your time.

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