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Most states license the purchase of consumer debt because it involves working with sensitive personal information of debtors and requires compliance with the requirements of the CFPB and the best practices of working with debtors.
In the USA, several self-regulatory organizations also impose requirements for working with debtors on their certified members. The most famous organization is Receivables Management Association International (RMAI). Working with the buyers of this organization, you can expect higher standards of work.
Consumer debt buyers are divided into two classes - passive debt buyers (investor companies) and companies engaged in collecting independently; often, these are collection agencies that buy debt. Passive debt buyers act as investors. After the purchase, they provide debt to the collection agencies or collection attorneys for collection. In other words, they don't recover debt on their own. The second type of buyer uses its own capacity to collect debt.
Both types of buyers are represented on the Debexpert loan marketplace. You can find the full list below.
CRMG
CRMG was formed with the vision to fully automate, and simplify debt collection and accounts receivable management. As a result, CRMG has developed a ...
AAA Lenders Inc.
AAA Lenders Inc is a private investment financial company and which strives to invest in all sectors as a trusted purchaser of distressed Assets for S...
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More than a decade of Ivan's career has been dedicated to Finance, Banking and Digital Solutions. From these three areas, the idea of a fintech solution called Debepxert was born. He started his career in Big Four consulting and continued in the industry, working as a CFO for publicly traded and digital companies. Ivan came into the debt industry in 2019, when company Debexpert started its first operations. Over the past few years the company, following his lead, has become a technological leader in the US, opened its offices in 10 countries and achieved a record level of sales - 700 debt portfolios per year.
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