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Response to Unsecured debt

from Anon (anon@anon.com)
I have remained anonymous as what I say may be controversial.

However, I disagree about the comments re solicitors wasting money. I would contend that it depends on how they are being paid. If they are just being told to take any steps necessary and Egg are paying their disbursements and fees without question, then they will throw as much money away as they can, because they can also bill for time spent.

If Egg paid them a commission their collections activity would be very focused. I'm not sure how Egg work, but having worked in finance and used a Milton Keynes based firm of solicitors they sued anybody regardless of their actual ability to pay. When we changed them and their colleagues onto a system whereby they could sue if they felt is was worthwhile, because they paid the fees they became far more focused on worthwhile cases.

(posted 7006 days ago)

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