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Debt Purchasing
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awurie11
#1 Posted : Thursday, July 10, 2014 11:24:44 PM
Rank: Hello

Joined: 5/12/2014
Posts: 3
Does anyone have information or comment ons debt purchasing business in Kenya, is there an existing market out there, Regulations? cant seem to find anything online. Just to be clear dept purchasing is different from debt collection, they are plenty of collection agencies out there but is there anyone buying bad debt portfolios from credit providers. Looking forward to your comments.smile
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  | | Edit by user: Friday, July 11, 2014 5:03 AM | Reason: Not specified
Boris Boyka
#2 Posted : Friday, July 11, 2014 12:01:22 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
awurie11 wrote:
Does anyone have information or comment ons dept purchasing business in Kenya, is there an existing market out there, Regulations? cant seem to find anything online. Just to be clear dept purchasing is different from dept collection, they are plenty of collection agencies out there but is there anyone buying bad dept portfolios from credit providers. Looking forward to your comments.smile
Fafanulia wanjiku "dept" mimi manajua " debt" peke yake. tafazari
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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celinaB
#3 Posted : Monday, July 14, 2014 10:17:21 AM
Rank: Hello

Joined: 7/14/2014
Posts: 2
Thanks for the post. I would go for the purchasing where we can enjoy the service.
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icecube
#4 Posted : Monday, July 14, 2014 10:59:27 PM
Rank: Member

Joined: 1/2/2008
Posts: 268
Location: Nairobi
So is it "dept" or "debt" we are talking about here? And if it is debt, why would someone want to buy a debt that is already bad? My understanding of a bad debt is one that cannot be re-payed or is in default? No? Isn't buying bad debt bad a business...or?
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icecube
#5 Posted : Monday, July 14, 2014 11:00:59 PM
Rank: Member

Joined: 1/2/2008
Posts: 268
Location: Nairobi
celinaB wrote:
Thanks for the post. I would go for the purchasing where we can enjoy the service.
Please elaborate.
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wanyee
#6 Posted : Tuesday, July 15, 2014 8:38:41 AM
Rank: Member

Joined: 7/17/2011
Posts: 627
Location: Mbui-Nzau, Kikumbulyu
Sounds like derivatives...right?..thats how subprime..fannimae.freddie mack...merlyn lynch.* names may be incorrect*.started
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  | | Edit by user: Tuesday, July 15, 2014 8:41 AM | Reason: Not specified
real cindano
#7 Posted : Tuesday, July 15, 2014 10:46:08 PM
Rank: New-farer

Joined: 6/1/2010
Posts: 87
Location: Zimbalabala
wanyee wrote:
Sounds like derivatives...right?..thats how subprime..fannimae.freddie mack...merlyn lynch.* names may be incorrect*.started
What awurie wants to do is buy "bad" debt from you and then he has the problem of recovering it. For example if you Wanyee owe Cindano 1 Milli and you have refused to pay and i have written off this debt from my books i can sell this debt to awurie for say 10K. Awurie then has to try and collect as much as possible of the 1 million debt you owe me. Am i right awurie??
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icecube
#8 Posted : Wednesday, July 16, 2014 1:04:21 AM
Rank: Member

Joined: 1/2/2008
Posts: 268
Location: Nairobi
real cindano wrote:
wanyee wrote:
Sounds like derivatives...right?..thats how subprime..fannimae.freddie mack...merlyn lynch.* names may be incorrect*.started
What awurie wants to do is buy "bad" debt from you and then he has the problem of recovering it. For example if you Wanyee owe Cindano 1 Milli and you have refused to pay and i have written off this debt from my books i can sell this debt to awurie for say 10K. Awurie then has to try and collect as much as possible of the 1 million debt you owe me. Am i right awurie??
So if Wanyee has already refused to pay, how will Awurie manage to collect the debt?
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real cindano
#9 Posted : Wednesday, July 16, 2014 6:09:52 PM
Rank: New-farer

Joined: 6/1/2010
Posts: 87
Location: Zimbalabala
icecube wrote:
real cindano wrote:
wanyee wrote:
Sounds like derivatives...right?..thats how subprime..fannimae.freddie mack...merlyn lynch.* names may be incorrect*.started
What awurie wants to do is buy "bad" debt from you and then he has the problem of recovering it. For example if you Wanyee owe Cindano 1 Milli and you have refused to pay and i have written off this debt from my books i can sell this debt to awurie for say 10K. Awurie then has to try and collect as much as possible of the 1 million debt you owe me. Am i right awurie??
So if Wanyee has already refused to pay, how will Awurie manage to collect the debt?
That's awurie problem....
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Boris Boyka
#10 Posted : Wednesday, July 16, 2014 11:12:15 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
real cindano wrote:
icecube wrote:
real cindano wrote:
wanyee wrote:
Sounds like derivatives...right?..thats how subprime..fannimae.freddie mack...merlyn lynch.* names may be incorrect*.started
What awurie wants to do is buy "bad" debt from you and then he has the problem of recovering it. For example if you Wanyee owe Cindano 1 Milli and you have refused to pay and i have written off this debt from my books i can sell this debt to awurie for say 10K. Awurie then has to try and collect as much as possible of the 1 million debt you owe me. Am i right awurie??
So if Wanyee has already refused to pay, how will Awurie manage to collect the debt?
That's awurie problem....
awurie could threaten you,auction your valuables, sale you to blood drinkers, export you to slavery/gaypimp, take your airport&runway for landing or worse send you MADIMONI. id rather pay my debt than be taken to awurie!!
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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