Buying and managing defaulted consumer credit accounts

Polonius purchase defaulted credit accounts which are being paid back as part of managed repayment plans.

If you have customers who are in managed debt solutions, such as a debt management plan (DMP) or an individual voluntary arrangement (IVA), we will buy their accounts and continue to manage them – providing you with:

  • Instant capital.
  • Less non-profiting customer accounts.
  • Peace of mind that your customers are being dealt with by a compliant, reputable company.

How we manage accounts after we’ve bought them

Our specialist and experienced team are trained to support customers throughout the duration of their managed repayment plans. We also assist customers to seek free and impartial debt advice ensuring sustainable solutions based on their individual circumstances.

We have a wealth of experience in dealing with customers who are in debt. We ensure they are able to repay their debts as part of bespoke solutions tailored to their individual needs in a timely and affordable manner.

Who we already work with

We work with a number of finance providers, including banks, credit card companies and lenders. The types of credit accounts we purchase where customers are in a managed debt solution include:

  • Loans
  • Car finance
  • Credit cards

Taking over the defaulted accounts provides your business with instant capital and significantly reduces your inhouse collection requirements, enabling you to concentrate on business as usual. We provide services and work with companies of all sizes, no company is too large or small.

Speak to us now to discuss your debt sale requirements.