EXPERTS IN THE DEBT MARKET

DEBT PURCHASE


The sale of overdue debt has long been a part of the credit and debt management process in the US. In the UK, debt purchase is a relatively young market that has grown rapidly.

1st Credit has played a major role in the growth of this market in the UK. Since 2002, we have spent more than £300 million buying portfolios with a face value in excess of £3 billion. We purchase various types of consumer debt from a range of lenders, including banks, credit card companies, telecoms, retailers and utility companies.

COMPLIANCE GUIDELINES


Compliance is at the heart of everything we do. 1st Credit has unique ways of ensuring continuing compliance across all its operations. These include regular compliance tests for all employees, and teams that help specific types of customers where normal collection processes are inappropriate.