A creditor can transfer the claim to some other person (new creditor). The new creditor takes the previous creditor’s place.
The assigning of the right of claim service (debt purchase) includes:
- debt assignment contract, based on which we shall purchase your debt with the price of 35-60% of the debt claim (depends on the source documents and the debtor’s background);
- as a rule, selling the debt claim does not include any costs for you, because we shall completely cover all the collection costs (costs for extrajudicial and court proceedings);
- the client must take into account that he might have to testify in case of court proceedings to explain the circumstances of the debt arising;
- we shall bear the costs of extrajudicial and court proceedings.