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Debt purchase Cabot Financial has increased its workforce by 25% over the last
twelve months and plans to recruit a further 100 staff during 2006 to meet an
unprecedented demand from lenders for debt purchase solutions.
The recruitment drive comes following huge growth in the number of accounts
managed by Cabot, which have increased by 30% in the last twelve months to
1,300,000 with a face value of £2.5 billion.
Ken Maynard, Chief Executive Officer of Cabot Financial explained: “Since we
concluded the UK’s first large volume acquisition from a mainstream originator
in mid 1998, we have sustained our market leading position in the debt purchase
market.
"With consumer debt now at record levels, lenders are increasingly seeking more
innovative and cost effective ways of managing their arrears debts.
"Our long track record and emphasis on ethical, customer focussed collections
process, alongside our sophisticated data analysis and modelling techniques
places us in a strong position to win business and we anticipate even greater
expansion during 2006.”
Source:
Credit Control Journal
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