To rectify an outstanding loan portfolio, companies can spend valuable internal resources pursuing the delinquent portfolio, write off the debt as a loss once it is converted to a charged-off debt, or sell charged-off accounts receivable portfolios.
Many originators choose to sell charged-off debt to SquareTwo Financial. SquareTwo Financial provides your company with a competitive purchase price to bring up your bottom line. By selling the debt, your company can now refocus on its primary business, and reduce the need to increase prices to make up for your losses.
Learn about our unique approach to the recovery process.