Here is a Typical Process when we purchase
your bad debt portfolio.
1.
Both parties sign
a confidentiality agreement
2. MJR Capital
reviews the physical or electronic account data on disk or via
e-mail/modem
3. MJR Capital
and Client negotiate the quantity, price and terms
4. MJR submits
written Offer to Purchase contingent upon due diligence and
negotiation of the Purchase Agreement
5. Client submits
acceptance of offer
6. MJR Capital
performs on site portfolio due diligence
7. MJR Capital
and Client execute the purchase agreement
8. MJR Capital
receives all electronic data fields and physical files in exchange
for funding of the Agreement.
The length of
time from step 1 to step 8 is usually no longer than 3 weeks.
Here are some of the items we consider when
we look at your portfolio.
The
purchase of a bad debt portfolio requires the MJR Capital ascertain
factors that dictate the successfulness of obtaining a maximized
return on the purchased debts. While it may seem that bad debt
portfolios are in most cases are worth purchasing, and they are,
some portfolios are not.
To ensure the
purchase of a performing portfolio the following actions would be
taken in to account:
This survey would
be part and parcel of our due diligence in that we would require 100
to 200 accounts of the bad debt portfolio. Upon acquiring the
accounts we would proceed with a collection effort to assess the
portfolio and produce a fair market value purchase offering.
Contract
Our
contract is remarkably brief, so you won't be bogged down in a lot
of paperwork or endless negotiations. Once you have started the
process, we can buy additional accounts at whatever interval works
for you, even daily!
Discover what other industries have learned. There's no longer a
need to struggle and expend resources to get paid. Remember, you can
have cash in the bank today, and you also get the time value of
money, instead of waiting for it to trickle in over months and
years. With no obligation, we'll take your account information and
let you know how you may instantly turn bad debt into cash. The only
thing you have to lose is business as you've always done it.
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