2007-09-17 08:06:22 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Generic term used to describe a 'package' of loans (I would guess) being passed from one lender to another
2007-09-19 22:26:12 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
A debt parcel is an easier way to describe how some banks (or other lending places) deal with people who borrow money from them. Quite often banks will loan the money to you but then sell on this debt to someone else in smaller 'lumps' called debt parcels. You continue to pay the bank you loaned the money from and they in turn pay the person they have sold the debt to. Sort of a loaner's loan if you like.
2007-09-17 15:20:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
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2007-09-21 05:13:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
A made-up term. Probably something spouted out by one of those dodgy debt management firms, or some cowboy debt collector.
2007-09-17 15:16:24 · answer #4 · answered by Anonymous · 0⤊ 0⤋