Background
In December 2002, the Credit Services Association began discussions with interested parties in the marketplace regarding the setting up of a specific group, for companies who buy and sell debts or act as intermediaries in the sale process.
Setting up a separate body was discussed but, as the areas of Debt Sale and Purchase and Debt Collection are so closely allied, the benefit of having one very strong industry body, speaking with one voice, was the obvious choice.
The Group’s inaugural meeting took place in December 2003 and the DBSG was officially launched at the CSA`s Annual Conference in June 2004.
Formed for the benefit of companies who buy and/or sell debt membership is open to all interested parties; buyers, sellers or intermediaries.
Now
The DBSG from the start of the group’s creation has grown in considerable size and at an even more considerable pace.
The current membership of the group stands at 60 members with some of the largest companies in the industry as members,
It is estimated that debts with a face value of between £7 - £8 billion will be traded in this sector this year.
DBSG – the voice of the debt sale and purchase industry
For a comprehensive review of the industry, view our digest for more information, statistics and trends.
In December 2002, the Credit Services Association began discussions with interested parties in the marketplace regarding the setting up of a specific group, for companies who buy and sell debts or act as intermediaries in the sale process.
Setting up a separate body was discussed but, as the areas of Debt Sale and Purchase and Debt Collection are so closely allied, the benefit of having one very strong industry body, speaking with one voice, was the obvious choice.
The Group’s inaugural meeting took place in December 2003 and the DBSG was officially launched at the CSA`s Annual Conference in June 2004.
Formed for the benefit of companies who buy and/or sell debt membership is open to all interested parties; buyers, sellers or intermediaries.
Now
The DBSG from the start of the group’s creation has grown in considerable size and at an even more considerable pace.
The current membership of the group stands at 60 members with some of the largest companies in the industry as members,
It is estimated that debts with a face value of between £7 - £8 billion will be traded in this sector this year.
- Aims of the group:
- Be the voice of the industry
- Ensure best practice
- Offer expertise and guidance
- Facilitate meetings and exchange of ideas
DBSG – the voice of the debt sale and purchase industry
For a comprehensive review of the industry, view our digest for more information, statistics and trends.
