27-02-09, 01:22 PM
Basically - FedEx couldn't get the money from me so they sold the debt on for 50p on the pound or something (so for example, Avance buy a £10 debt for £5). If FedEx can't/won't take me to court for £11, what are the chances this other company will for £6 profit?
The cost of hiring someone to send to court to get me to pay (or to hire someone to take my stuff to sell to pay them back) will outweigh the profit they'll make.
Avance will send letters but that's about it. Unless they want to go out of business very quickly. Chances are they'll give up after a while and sell me debt on. Down the line someone will buy the debt for around 1p and even for them it probably won't be worth trying to reclaim the money
The cost of hiring someone to send to court to get me to pay (or to hire someone to take my stuff to sell to pay them back) will outweigh the profit they'll make.
Avance will send letters but that's about it. Unless they want to go out of business very quickly. Chances are they'll give up after a while and sell me debt on. Down the line someone will buy the debt for around 1p and even for them it probably won't be worth trying to reclaim the money