Capital is the amount lent by the bank or financial institution to a customer who will have to pay interest on that amount.

It is the rate applied to the amount borrowed, usually a percentage (generally on an annual basis).

Debt is the obligation to refund/repay the amount borrowed.

A letter sent to the debtor after the credit cession (debt assignment) informing the debtor on the current credit holder, as well as the entity responsible for collecting the credit. This is the case of Whitestar, which manages credit portfolios for investors.

FAQs – Page 2 – whitestar

Q: Credit Cession (Debt Assignment)

A contract whereby a creditor (usually a bank) transfers the credit rights held over a person/company to another entity, which then undertakes the rights of the previous creditor, hence, the owed amount must be paid to the new holder of the credit rights.

Q: Non Performing Loan (NPL)

A loan in definitive default for at least 90 days, in which it is no longer possible to resume payment of instalments under the terms initially agreed, nor renegotiate those terms. You should seek a solution with the debt manager.

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FAQs

Credit Cession (Debt Assignment)

Capital

Interest

Debt

Hello letter

Non Performing Loan (NPL)

Get a personal consultation.

Lisbon Headquarters

FAQs

Credit Cession (Debt Assignment)

Capital

Interest

Debt

Hello letter

Non Performing Loan (NPL)

Get a personal consultation.

Lisbon Headquarters

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Contact us so we can help you.