Benefits of Selling Your Debt:


Charging off and selling delinquent debt creates an absolute conveyance to a third party. The benefits of an arm’s length transaction are that it:

• Establishes a true “market value”
• Provides immediate cash for reinvestment
• Reduces holdings and servicing costs; minimizes reliance upon collection department personnel
• Strengthens balance sheet
• Positively impacts stock value
• Minimizes claims from consumers for violations of consumer protection laws
• Protects the creditor from the arbitrary loan loss reserve requirement imposed by examiners/insurers
• Eliminates loss through debtor bankruptcy