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Our company is in a Debt Purchase with XYZ - meaning?

13-10-2020 9:34pm

#1

goldsalmon33

Registered Users, Registered Users 2 Posts: 82 ✭✭

Join Date: November 2007

Posts: 67

Hi,

Just curious, got an invoice from a company and in very small print in the corner was the text 'Payment Terms: Our company is in a Debt Purchase with XYZ'

XYZ being a large Irish Bank.

Was curious as to what this means?

thanks

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