Boom time for Debt Collection Agencies purchasing bad debt

According to UK Debt Collection News a current trend is taking place in the world of Debt Collection Agencies. These agencies are purchasing bad debt for pennies on the dollar with expectations of doubling their investments over the next five years. In the UK alone "Spending on bad debts in 2012 was circa 800m and this is expected to rise to 1.5Bn by 2017." 

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