What is debt tasks?

debt assignment is a procedure that converts the debt from the original creditor to a new creditor. On the other hand, the new debtor, assuming the debt, will take over the existing debt from the previous debtor who reveals the original debtor of any obligations associated with the debt. Debtors are not consulted for debt and may not allow or approve the transfer. On the other hand, people cannot take over debts without the creditor's permission, because the creditor wants to confirm that the person who has taken the debt has the ability to repay it. Some creditors regularly sell their accounts to third parties, allowing them to collect the entire amount of debt months or years before the total amount is repaid. These companies are aware of a small profit from the sale of debt in addition to accepting the payment in full. Other creditors can pack and sell different types of debt, such as high -risk loans often get rid of it to improve their financial outlook. It is also possible to assign debts to subsidiaries to clean up books in maternity spolEquities, accounting practice, which is sometimes used to cover bad debts or to cover the truth of the company's finance.

Companies that offer loans must consider the way these loans appear in books. If many of the society's capital are tied up in loans and society has many enemy or high -risk loans, it has low liquidity and may be endangered by changes in economics or mass education. Such companies do not apply to investors and may raise concerns about regulatory bodies and other parties. For these companies, the debt assignment allows them to increase liquidity and clean their books and create a more attractive financial profile.

When the debt is assigned, the debtor is notified about the change of creditors. Information about contact and payments for a new creditor must be sent together with any changes in the conditions associated with the transfer. The same onek, if the creditor wants to change the conditions for some later date, the notification must also be sent in time to give the debtor the opportunity to answer. The same legal rights and protection for the debtor, which was related to the relationship with the original creditor, are still in force.

If the debtor's notification is received, that debts have been transferred, it is advisable to contact the original creditor to confirm the transfer and obtain accurate contact information for the new creditor. This information should be stored in the file so people know how to contact their creditors. The new creditor should also send a package with information including personal data protection and contact information.