How to Sell Debt Through Our Platform
Our streamlined process makes selling debt straightforward and efficient:
Step 1: Submit Your Information & References
Provide your name, company name, company address, and email address. This initial information helps us understand your business and establish communication.
Submit three references from companies with which you have done business. This helps establish credibility and builds trust within our marketplace.
Step 2: Submit Portfolio Details
Provide a masked or redacted copy of the file you’re requesting we market on your behalf, including:
– Last work date (when the debt was last worked by a collection agency or debt collector)
– Your asking price
– Names in the chain of title or the company you originally purchased the file from
– Account details and documentation
Step #3: 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 4: Review Offers
Once we find an interested debt buyer who submits an offer, we will present the complete offer to you in writing. You maintain full control and can approve, deny, or submit a counteroffer based on your business needs and profit goals.
Step 5: Close the Transaction
After you approve an offer, a purchase contract is drawn up, signed by both parties, and funding takes place according to the agreed-upon terms.
Why Choose Us for Selling Debt?
01
Proven Track Record
Since 2013, we've successfully marketed over 5,200 portfolio transactions totaling more than $28.8 billion in distressed receivables. Our extensive experience spans every major debt category and portfolio size.
02
RMAI-Certified Expertise
As an RMAI-certified marketing consultant, we represent creditors and original creditors who wish to sell consumer debt, credit card portfolios, medical bills, utility bills, and other delinquent debt through our extensive network of over 900 verified buyers.
03
Your Trusted Marketing Partner
We don't own the debt or engage in debt collection ourselves. Instead, we serve as your trusted marketing consultant, creating competitive bidding situations that maximize your profit while ensuring compliance with consumer financial protection bureau regulations and debt collection practices standards.
What Types of Debt Can You Market?
We market various types of consumer debt portfolios including:
- Credit card debt and credit card company charge-offs
- Medical and healthcare receivables
- Telecommunications and utility bills
- Auto loan deficiencies
- Personal loans and bank account overdrafts
- Retail and consumer debt portfolios
Understanding the Debt Sales Market
When selling debt, creditors benefit from immediate payment rather than waiting years for uncertain collection results. The debt buyer assumes the risk and responsibility for collection efforts, including potential court action, legal action, and compliance with statute of limitations rules.
Portfolio value depends on factors like account age, balance, debtor credit report information, payment history, and whether accounts have been previously worked. Fresh debt typically commands higher prices than older delinquent debt that’s been through multiple collection attempts.
Compliance and Best Practices
Every transaction we facilitate adheres to federal and state debt collection practices regulations. We ensure proper documentation, chain of title verification, and compliance with consumer protection rules. Our process protects both the seller and buyer, minimizing risk and maximizing transparency.
Whether you’re a lender, original creditor, or company with bulk portfolios, we help you navigate the complexities of selling debt while maintaining ethical standards and regulatory compliance.
Frequently Asked Questions
How long does the process take?
Timeline varies by portfolio size and complexity, but most transactions close within 30-60 days from initial submission to funding.
Do you work with small portfolios?
Yes, we market portfolios of all sizes. Whether you have a small bulk file or millions in face value, we can help connect you with the right buyer.
What if I have questions about my portfolio value?
Our team provides complimentary portfolio analysis. We’ll review your accounts and provide market insights to help you set realistic expectations for pricing and interest from potential buyers.