About Polonius
Pioneers in the debt industry
Polonius buy debt portfolios from credit companies, which include customers managing their debts through plans like DMPs and IVAs. This means they help people who are struggling with debt find solutions that work for them.
Polonius’ approach shows they understand the challenges of debt management and are dedicated to providing personalised assistance to their customers.
Should I sell?
Unsecured debt levels across the UK have increased significantly, with people taking out credit for a wide range of reasons.
Having active customer accounts, which have fallen into default and being paid back as part of managed arrangements can mean money is tied-up for potentially long periods of time which may affect short-term profits.
How do you work?
We purchase these customer accounts, which can provide capital to re-lend to existing and new customers or alleviate any cash flow issues. Our team will then continue to manage these accounts.
Our policy is not to enforce the debts in the County Courts or worsen customers’ financial situations by adding interest and charges, at the point of purchase Polonius will in fact freeze any interest and charges.
We are FCA regulated
We are authorised and regulated by the Financial Conduct Authority and treating customers fairly is at the heart of our business and everything we do. We comply and adhere to the Credit Services Association Code of Practice, which aims to promote best practice in debt collection.
