Wednesday, October 21, 2009
Robinson Way Ltd. to Resume Debt Portfolio Purchases
A British debt collection company, Robinson Way Ltd, previously owned by London Scottish Bank, which collapsed lately, re-emerged on the UK market of debt collectors. According to the Credit Services Association, countryâ€™s body for debt recovery agencies, the major challenge Robinson Way Ltd. now faces is the availability of funds that the company needs to purchase new debt portfolios. In the opinion of Mr. Sean Feast, Credit Services Associationâ€™s spokesman, debt collection firms that do have enough funds to buy debt portfolios can develop successfully, while others might face difficulties in fund raising.