The economic pointers for debt purchasers are mixed. With debt sales expected to exceed L9 billion face value this year, the market remains buoyant and lenders continue to want to offload more debt. At the same time, consumers are re-assessing their debt exposure and taking a more responsible approach to both new and old debts. Purchasers are also facing legislative challenges as the final provisions of the Consumer Credit Act 2006 come into force. Alongside these actual legislative requirements, there has been a growth in the use of ill advised consumer Web sites where disgruntled or mischievous debtors can exchange often inaccurate, but plausible, information on avoiding payment of debts. The message for debt purchasers is to keep improving and keep forging ahead.
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