Has your loan been sold? We can help.
We specialise in negotiating with Institutions and Private Equity companies on behalf of borrowers.
Loansales.co.uk is part of the GDP Partnership family with over seven years' experience working on behalf of our clients to negotiate debt repayments and debt restructuring through alternative finance. We are now the market leader in this field.
If your loan has been sold, we can help you today. For more information on loan sales please read our FAQ.
How do I know if I've been affected?
Your bank will write to you and inform you of this. Over the last 18 months, banks have decided to sell huge loan portfolios to clean up their own balance sheets. The loans, which total billions of pounds, have been acquired by USA private equity companies. The result of this is that you now owe the money to the private equity companies, not the bank, and they have a completely different business model from the mainstream banks. They are private companies and are here for a short time. This means they want your debt repaid to them quickly.
What does this mean for me?
You now have a responsibility to the party who has acquired your loan. Ultimately, you would be best advised to try and negotiate a restructure of your facilities as soon as possible. It's likely that you will need to find another Bank or Capital Partner. We can facilitate this.
What should I do?
You need a structured exit plan from these funds. We can assist you with the plan, your borrowing, your personal guarantees and with sourcing alternative finance.