Cable Forum - View Single Post

**Kymmy** · 21-11-2009, 14:55

Actually you've not got a good deal with them, they instead have a good deal with you..

The debt has already been written off and sold on (hence wescot have it) on a debt of £1195 they've probably paid between 5%-30% of that amount (probably nearer the lower end) and paid whoever the original debtor anywhere from £50 pounds upwards. So in the end after you've paid a couple of hundren pounds the debt collection agency is laughing all the way to the bank.

I'm not condoning debt here but if you are going to pay back debt at least do it to the original company and not someone making money on the fact that you havn't paid

21-11-2009, 14:55	#9
Kymmy Cable Forum Team Join Date: Dec 2007 Age: 43 Posts: 15,385	Re: Debt Collection Agency Actually you've not got a good deal with them, they instead have a good deal with you.. The debt has already been written off and sold on (hence wescot have it) on a debt of £1195 they've probably paid between 5%-30% of that amount (probably nearer the lower end) and paid whoever the original debtor anywhere from £50 pounds upwards. So in the end after you've paid a couple of hundren pounds the debt collection agency is laughing all the way to the bank. I'm not condoning debt here but if you are going to pay back debt at least do it to the original company and not someone making money on the fact that you havn't paid __________________ *A subscriber to the KISS method of life*..