UK Bank to Stop Lending, Focus on Debt Purchasing and Collection

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UK Bank to Stop Lending, Focus on Debt Purchasing and Collection
A subprime lender in the United Kingdom has decided to scrap its consumer credit business to focus on its already-considerable collection unit. The company also said that it is expanding its accounts receivable management business to focus on debt purchasing. Manchester, England-based London Scottish Bank said in its annual report Tuesday that it will shutter its consumer lending unit after
 
Topic: Debt Purchasing