Debt-buying businesses are facing a difficult situation, as fewer and fewer accounts are being purchased. In this new economic landscape, companies must maximize their return on investment to stay competitive.
Debt buying agencies are facing a challenging environment, with a negative perception of debt sales from both regulators and consumers. This perception is seen as exploitative and is causing headwinds for these companies.
One option that is becoming increasingly attractive is nonperforming commercial account sales. Originators, who were set up to handle consumer accounts, may not have the infrastructure or knowledge to sell nonperforming small-balance commercial accounts. But these accounts offer benefits to originators who find a way to sell them, including fewer regulations and a high demand in the market.
To take advantage of this opportunity, originators should follow these best practices:
The current environment presents an opportunity for originators to increase their revenue by selling commercial debt. By following these best practices, originators can maximize their profits from delinquent accounts. Our company has partnered with originators nationwide to help them buy nonperforming loans at an attractive price point and provide unparalleled customer service. Click here to learn more.
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Specialized in Debt Consulting Services, Debt Brokering, Asset Management, Collection Agency Startups, Mortgage Note Transactions, and AI-Driven Solutions.
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