1st Credit purchases uncollected consumer debt at a discount to face value from a range of lenders, including banks, credit card companies, utilities and retailers. In each case, we then work with the credit originator to determine the appropriate debt recovery procedure and carry out the recovery process, using constructive negotiations in keeping with our reputation as a leading debt management company.

1st Credit buys accounts across a wide range of consumer debt from:

  • an early stage in the cycle – sometimes as early as 30 days overdue – through to trace and collect debt, which is normally written off
  • banks, credit card companies, finance houses, telecommunications companies, utilities and retailers
  • credit cards, unsecured loans, hire purchase agreements, bills, overdrafts and revolving credit

Why sell debt?


Selling consumer debt to 1st Credit provides clients with:

  • immediate returns on overdue debt
  • certainty of financial planning

  • reduced operating costs from administration and collection of debt

  • the ability to focus on core business and free up the workforce
  • a reduction in cost of capital as loan resources are no longer required

  • direct bottomline benefit for written off debt