Debt Purchase Presentation


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We enable our clients to free themselves from their unsecured liabilities by selling their debts. Debts are purchased directly from consumers and companies. For a single payment all rights, benefits and liabilities associated with the debt are transferred to the purchaser. In excess of £20 million of debt has been purchased using this method in the last 12 months.

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Debt Purchase Presentation

  1. 1. Debt Purchase <ul><li>Is it right for you? </li></ul>
  2. 2. Did You Know? <ul><li>If a lender can sell a debt so can a borrower </li></ul><ul><li>Under Contract law: </li></ul><ul><li>If you own it… you can sell it </li></ul>
  3. 3. Benefits To You ... <ul><li>Terminating your contract sets you free </li></ul><ul><li>All liabilities and all rights pass to the Purchaser </li></ul>
  4. 4. What Debts Qualify? <ul><li>Unsecured Loans </li></ul><ul><li>Overdrafts </li></ul><ul><li>Credit Cards </li></ul><ul><li>Catalogue Debts </li></ul><ul><li>Secured Car Finance </li></ul> Unsecured Credit Agreements Issued before January 2008
  5. 5. How Does It Work? <ul><ul><li>Debts are purchased under Contract Law </li></ul></ul><ul><ul><li>The Seller receives £1 for their debt </li></ul></ul><ul><ul><li>The Purchaser ‘buys’ all the rights, benefits and liabilities associated with the debt </li></ul></ul><ul><ul><li>On receipt of confirmation of sale the assignment is complete. Liability for the debt passes to the purchaser. No further payments are due from the seller </li></ul></ul>
  6. 6. <ul><li>Our fees are clear and transparent </li></ul><ul><li>We charge: </li></ul><ul><li>Administration Fee £450 per debt </li></ul><ul><li>Transfer Fee 10% of debt value </li></ul><ul><li>Example: fees for selling a £10,000 debt </li></ul><ul><li>£450 (admin fee) + £1000 (transfer fee) = £1450 </li></ul><ul><li>N.B. For Commercial Agreements / Liabilities the transfer fee is 15% </li></ul><ul><ul><li> </li></ul></ul>What does it cost?
  7. 7. <ul><li>If for any reason your debt is not accepted, you will receive a 100% refund of all fees paid. </li></ul>100% Refund Guarantee
  8. 8. What about my Credit File ? <ul><li>‘ Terminating your contract sets you free ’ </li></ul><ul><li>Lenders are only allowed to mark credit files during the course of an agreement </li></ul><ul><li>On the sale of a debt all rights, benefits and liabilities associated with it are transferred including the data protection rights </li></ul><ul><li>Under the Data Protection Act 1988 entries for sold debts must be removed from client’s credit file </li></ul><ul><li>N.B. Credit files can only be corrected with the lenders’ consent. </li></ul>
  9. 9. About Debt Purchase… <ul><li>We enable our clients to free themselves from their unsecured liabilities by selling their debts </li></ul><ul><li>All Debts are purchased by Momentum Network Limited, founders of the debt purchase industry in the UK </li></ul><ul><li>In excess £20 million pounds worth of debt has been of purchased over the last 12 months </li></ul><ul><li>Debts are purchased directly from Consumers </li></ul><ul><li>and Commercial entities in the UK </li></ul>
  10. 10. Authorised Agents Authorised agents are appointed to provide information about the process of selling your debt and to assist you with the completion of your application . Interested in becoming an Agent? Call us on 0845 409 6150
  11. 11. <ul><li>APPLY NOW! </li></ul>Are you ready to be… Debt free in 2 Weeks?
  12. 12. What Our Clients Say…