SquareTwo Financial’s subsidiaries purchase past-due consumer financial obligations.
SquareTwo Financial’s subsidiaries purchase past-due consumer financial obligations. A past-due financial obligation or account is a financial agreement — such as a credit card or a personal loan — that has not been paid promptly.
Banking regulators require credit-lending institutions to write off past-due financial accounts. However, these write offs do not release account holders from their responsibility to pay the amount due on their past-due accounts.
SquareTwo Financial’s subsidiaries purchase past-due accounts from credit issuers of all sizes. Once we purchase past-due consumer accounts, our primary focus is to help Customers resolve their outstanding financial commitments fairly and respectfully. Ultimately, we try to help individuals improve their financial health and become active participants in our nation’s economy again.