CLH 0.00% 6.8¢ collection house limited

Interesting, makes sense why they wouldn't want to talk about...

  1. 42 Posts.
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    Interesting, makes sense why they wouldn't want to talk about it.

    It sounds like they sent out some of their purchase debt for contingent collections, and that contract had an option to buy the debt within it. I'm not familiar with said clauses being offered to 3rd parties.

    The cryptic bit here is "but use Collection House software to reap debt on Collection House’s behalf." That means the contingent collector might be a subsidiary (such as Midstate CreditCollect) or might just be a company using C4 (which could be a number of unrelated companies).

    Then again the writer might have just messed up and it's a completely unrelated entity.

    Either way, I can see why CH wouldn't want to highlight the success of another company collecting on CH's own debt, even though contingent collections is common practice.
 
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