How to Buy Debt Through Our Platform
Our streamlined process makes buying debt straightforward and secure:
Step #1. Submit Your Information
Provide your name, company name, email address, and company address. This information allows us to conduct proper due diligence on your company prior to moving forward, ensuring all parties meet industry standards and compliance requirements.
Step #2: Sign Confidentiality Agreement
Sign our Non-Disclosure/Confidentiality Agreement to protect sensitive consumer information and portfolio details. This ensures all parties comply with fair credit reporting act requirements and consumer financial protection bureau regulations.
Step 3: Join Our Marketing List
Request to be added to our marketing list where you'll receive regular portfolio opportunities. Debt buyers on our list get first access to new inventory from creditors, lenders, and credit card companies looking to sell delinquent debt.
Step 4: Review Available Portfolios
Request to view files of interest. You'll receive a masked/redacted file containing portfolio details while protecting consumer privacy. This is your opportunity to ask any due diligence questions about account age, payment history, total debt amounts, documentation quality, and compliance with laws and regulations.
Step 5: Purchase and Fund
Once you've completed your analysis, request to purchase the file, sign the purchase agreement, and fund the transaction. We facilitate the transfer of documentation and ensure proper chain of title.
Why Choose Us for Buying Debt?
01
Extensive Marketplace Access
Since 2013, we've facilitated over 5,200 portfolio transactions for more than 900 debt buyers across the United States, totaling over $28.8 billion in distressed receivables. Our marketplace offers consistent access to quality portfolio opportunities.
02
RMAI-Certified Platform
As an RMAI-certified marketing consultant, we represent companies wishing to sell their unpaid debt through our platform, giving debt buyers access to diverse opportunities in the debt buying industry.
03
Your Trusted Connection
We don't own the debt or engage in debt collection ourselves. Instead, we serve as your trusted marketing consultant, connecting you with sellers and providing the information and due diligence support you need to make informed purchasing decisions.
What Types of Debt Portfolios Are Available?
Debt buyers in our network have access to various consumer debt types including:
- Credit card debt and credit card company charge-offs
- Medical and healthcare receivables
- Telecommunications and utility accounts
- Auto loan deficiencies
- Personal loans and unsecured debt
- Student loans and educational debt
- Retail and consumer credit portfolios
Understanding the Debt Buying Process
When buying debt, successful debt buyers conduct thorough due diligence on every portfolio. Key factors include account age (old debt typically sells for pennies on the dollar compared to fresher accounts), documentation completeness, debtor demographics, credit score distribution, and whether accounts have been previously worked by a collection agency or debt collector.
Portfolio pricing varies based on these factors, with some portfolios selling for just cents on the dollar. Experienced debt buyers analyze potential profit margins by evaluating collection costs, compliance requirements, statute of limitations considerations, and expected recovery rates.
Compliance and Due Diligence
Every portfolio we market comes with comprehensive information to support your due diligence process. We ensure sellers provide proper documentation including account details, original contract information where available, and chain of title verification.
Debt buyers must comply with federal and state laws governing debt collection, consumer protection, and credit reporting. Our process helps you verify compliance with regulations including fair credit reporting act standards, consumer financial protection bureau guidelines, and state-specific rules regarding statute of limitations, court procedures, and consumer rights.
Understanding these laws protects your business and ensures ethical debt management practices. Whether accounts will be worked internally or placed with a collection agency, proper documentation and compliance are essential.
Maximizing Your Investment
Successful debt buyers in our network focus on portfolio quality over quantity. Key considerations include:
- Documentation Quality: Complete account information, payment history, and original creditor details support collection efforts and court actions if necessary
- Account Age: Balance the lower cost of old debt against the higher recovery potential of fresher unpaid debt
- Consumer Profile: Credit score distribution and debtor demographics impact recovery rates
- Legal Considerations: Verify statute of limitations, bankruptcy status, and compliance with consumer protection laws
- Cost Analysis: Factor in purchase price, collection costs, fees, legal expenses, and potential interest recovery
Frequently Asked Questions
What information do I receive before purchasing?
You’ll receive a masked portfolio file with account counts, balance ranges, geographic distribution, age analysis, and other key metrics. After signing confidentiality agreements, additional information becomes available for your due diligence review.
How quickly can I start reviewing portfolios?
Once you complete steps 1-3, you’ll immediately begin receiving portfolio opportunities via mail and email. Most debt buyers review their first portfolio within days of joining our marketing list.
What is the typical purchase price?
Pricing varies significantly based on debt type, age, and quality. Portfolios may sell anywhere from pennies to several cents on the dollar of total debt face value. We’ll provide asking prices and help facilitate negotiations.
Do you provide ongoing support?
Yes. Our team answers questions throughout the due diligence and purchase process. We facilitate communication between buyers and sellers, coordinate documentation transfer, and ensure smooth transactions from initial interest to final funding.