Debt Sales: Trusted Solutions for Your Business
At C.A.B. Consulting, we specialize in connecting businesses with reputable Debt Buyers in the payday loan market. Selling your bad debt or charge-offs to the right buyer isn’t just a financial decision—it’s a compliance-critical process. Ensuring that the buyer follows all applicable debt collection laws and regulations is essential to protecting your business from potential liabilities.
Why Partner with C.A.B. Consulting?
We provide support and guidance throughout the debt sale process, helping you:
- Evaluate Your Portfolio: Assess your bad debt portfolio to determine whether selling is the right choice for your business.
- Make Informed Decisions: Understand the implications, financial benefits, and compliance requirements of selling your debt.
- Connect with Trusted Buyers: Introduce you to our network of experienced and compliant Debt Buyers who specialize in payday loan charge-offs.
Our debt buyer partners are industry veterans with expertise in both retail and online operations. They are equipped to handle purchases professionally, efficiently, and in full compliance with debt collection laws.
What Debt Buyers Look For
Several factors influence the value of a bad debt portfolio. These include:
- Age of the Debt: Newer debts typically sell for higher prices as they are considered more collectible.
- Data Quality: Accurate and complete account records, including consumer contact information and payment history, increase portfolio value.
- Collections History: Portfolios that have undergone limited or no previous collection efforts may attract higher offers.
Typical Price Ranges
The price range for bad debt portfolios in the payday loan market typically falls between 3.5 to 10 cents on the dollar, depending on the portfolio’s characteristics. Our industry connections allow us to negotiate fair and competitive prices, ensuring you maximize the value of your charge-offs.
We Serve a Variety of Businesses
Whether you’re operating retail locations, an online payday loan platform, or managing a hybrid model, we can assist you. Our partners are experienced in purchasing bad debt portfolios across most states, providing solutions tailored to your specific needs.
The Importance of Compliance
Selling your debt to the wrong buyer could expose your business to unnecessary risks, including reputational damage or legal liabilities. Our network of Debt Buyers adheres to strict compliance standards and operates under applicable federal and state laws, ensuring:
- Fair treatment of consumers during the collection process.
- Alignment with laws such as the Fair Debt Collection Practices Act (FDCPA) and other state-specific regulations.
- Protection of your business’s reputation.
Streamlined and Professional Debt Sales
At C.A.B. Consulting, we take the guesswork out of debt sales. From the initial evaluation to the final transaction, we ensure the process is smooth, professional, and compliant. Let us connect you with industry-leading buyers who can handle your debt portfolios with expertise and efficiency.