The idea of selling, or assigning, older written off bad debt accounts presents advantages to the creditor over additional 3rd party placement options. Accounts which have a history of multiple agency placement or older warehoused accounts sitting in inventory continue to be a drain on your bottom line. As the creditor and legal owner of the debt accounts you can make the decision sell your portfolio of non performing receivables to a qualified buyer for one payment of cash, upfront.
Since its inception in 2008, Security Financial Solutions has been involved in the purchase and recovery of all asset classes of older, written off delinquent consumer and commercial receivables, including bank credit cards, private label cards, lines of credit, commercial leasing, Auto loans, returned checks, Landlord Tenant Judgments, and more.
SFS maintains a disciplined approach to delinquent account purchasing. Our staff of collectors are highly trained and experienced in all facets of collection in the distressed debt market. We understand the importance of maintaining a professional and courteous rapport with your clients. With a focus on consumer experience, SFS’s company culture and business practices provide built in brand protection for you, the seller.
Feel free to contact our office for information about an Account Purchase transaction.