Have you considered?

By selling your bad debt portfolio(s) you will be reducing holdings and servicing costs as well as immunizing your reliance on collection department personal and you can eliminate the:

a. Risk of continuing deterioration of credit quality

b. Risk of bankruptcy

As well in some cases, selling bad debt also protects the creditor from arbitrary loan loss reserve requirement imposed by examiners or insurers.

Your Specific Benefits Of Selling Bad Debt Receivables:

For a lender, the numerous benefits of selling bad debt to MJR Capital include:

• Immediate cash for prior written off and deemed uncollectible accounts. Generate income immediately on accounts for which recovery efforts have otherwise ceased. Immediate cash flow at levels equal to or higher than the net proceeds of a traditional recovery operation, be it in-house or agency.
• Supplement a traditional agency program by selling recalled accounts or even sell your accounts as soon as they become bad debts.
• Selling the bad debts are instrumental in making departmental as well as corporate goals and reducing write off forecasts.
• No administrative hassles - when accounts are sold practically all matters are handled by MJR Capital.
• Reduces customer contact time on re-applications where a prior charge off balance is present.
• Eliminate expenses where charge off bill is transferred to new account and special payment arrangements are established.
• Eliminates double charge off - prior bad debt again written off if arrangements not kept.
• Time value of money - receive cash today for money, which MAY only be collected in the future.
• Assurance of dealing with a company well versed in the utilities of bad debt management.
• Dramatically reduced staff when compared to either an in-house or collection agency recovery strategy. The ability to effectively manage a temporary inventory build up in times of increasing delinquencies, without increasing staff.