Benefits of Selling
Many financial institutions sell their distressed debt for a variety of reasons. Many prefer to avoid the time and expense required to manage their distressed assets or don’t have the resources for in-house liquidations. Some creditors seek immediate income from selling their distressed assets, determining that a portfolio sale to Square Two Financial is more lucrative than waiting for unpredictable liquidations resulting from their own efforts. Some institutions choose to sell their assets immediately following charge off date to obtain the best price; others choose to work their accounts for a longer period before selling to Square Two Financial.
Because Square Two Financial specializes in the daily management of liquidating distressed assets, utilizing recognized best practices perfected over nearly two decades, and our pioneering Partner Network, we are in a unique position to offer sellers top dollar for their non-performing assets. Additionally, we lead the industry in data security, customer experience, and compliance, allowing us to provide each of our clients with superior brand protection.
Contact us today to learn more about our commercial debt buying programs and even obtain a complimentary quote for your own distressed small business receivables.
Want more information? Brian Tuite, Executive Vice President and Chief Business Development Officer, shared an overview of debt sales for the Commercial Lending Review. To read the article, click here.