Debt companies purchase debt eg credit card debt curious what is paid ie pence in the pound?

There is no "benchmark" amount that debt companies pay for books of debt. However it is very low and rarely exceeds 50%.

Contrary to what has been said in another answer, you are legally liable, for the full amount of the debt, plus costs, to the company taking over the debt.

The problem is entirely of your own making. You should not have got yourself into debt in the first place

The second answer is wrong - you are still liable for the debt if it is chased by any legitimate debt collection agency or company. Debts can be sold on legally - the debt still stands, regardless of who it is sold to and the fact that you have not signed a credit agreement with the new company is not grounds for non-payment. If it was, then there would be millions of people who did not need to repay their debts, and collection agencies would not be interested in buying the debts!

In the UK, debt is sold down a 'chain' from the 'more reputable' (send in the Court bailiffs) to the 'less reputable' (send in their own bailiffs) debt recovery agencies.

At each step the 'pence in the pound' drops another level. The 'bottom feeders' (who send round the very nice men is sharp suits with Rottweilers who chat with the school teachers whilst waiting to collect your kids) will be paying between 10p and 15p in the £.

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Yes of course they pay a much reduced rate so they make a profit when you pay it back. It is more annoying because it may be possible that some debts are not even legally required to be repaid at all. You need to find out if you can benefit from this legislation. Try emailing dejamedia1436@yahoo.co.uk and see if they can help you.

Well they usually pay around 50 cents on the dollar but not all collection agency buy the debt. Also you have to pay full price because you owe the amount.

don't forget this little get out clause - you never signed a credit agreement for unsecured loans/cards,debt with ANYONE but the initial lender so don't be scared and stand your ground - only pay what you owe and nothing more