Secure Trust Bank to exit debt purchase sector

14th March 2022 Company News | #debt sale

Secure Trust Bank (STB’) has announced that it has decided to exit the debt purchase market. STB subsidiary, Debt Managers (Services) (DMS’, has agreed to sell its portfolio of loans to debt purchaser, Intrum UK. The portfolio comprises around 650,000 customer loans acquired from third parties and STB.  Intrum will acquire the rights of DMS…

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