Debexpert analytics team reviews portfolio and provides recommendations how to get the highest price for your debt portfolio.
Request Portfilio AnalyticsDebexpert will guide you through the auction setup process and advice auction type, how to divide portfolio into pools and the best time for portfolio selling.
Debexpert engages the best debt buying companies and do the presale. Debt sellers can monitore all activities on a dashboard online.
Hundreds of companies that buy debt will bid for your portfolio online. Sellers can communicate with buyers on Debexpert loan marketplace.
Auction winner and seller close the deal and sign the contract. Payment will be made directly from the buyer.
File exchange and communication logs between debt buyer and seller are end-to-end encrypted on Debexpert loan marketplace.
While Payday loans can be a quick fix for the financial problems that businesses encounter, they often turn out to be more of a hindrance than a help. With three-digit interest rates and short payout deadlines, Payday loans might be impossible to get rid of as quickly as planned. How to get out of the growing debt spiral? Sell your Payday loan at the highest price on Debexpert!
Debexpert analytics team reviews portfolio and provides recommendations how to get the highest price for your debt portfolio.
Request Portfilio AnalyticsDebexpert will guide you through the auction setup process and advice auction type, how to divide portfolio into pools and the best time for portfolio selling.
Debexpert engages the best debt buying companies and do the presale. Debt sellers can monitore all activities on a dashboard online.
Hundreds of companies that buy debt will bid for your portfolio online. Sellers can communicate with buyers on Debexpert loan marketplace.
Auction winner and seller close the deal and sign the contract. Payment will be made directly from the buyer.
File exchange and communication logs between debt buyer and seller are end-to-end encrypted on Debexpert loan marketplace.
Debexpert analytics team reviews portfolio and provides recommendations how to get the highest price for your debt portfolio.
Request Portfilio AnalyticsDebexpert will guide you through the auction setup process and advice auction type, how to divide portfolio into pools and the best time for portfolio selling.
Debexpert engages the best debt buying companies and do the presale. Debt sellers can monitore all activities on a dashboard online.
Hundreds of companies that buy debt will bid for your portfolio online. Sellers can communicate with buyers on Debexpert loan marketplace.
Auction winner and seller close the deal and sign the contract. Payment will be made directly from the buyer.
File exchange and communication logs between debt buyer and seller are end-to-end encrypted on Debexpert loan marketplace.
BHPH loans are the most sensitive to the deterioration of the economy, job losses by debtors, and a decrease in the value of the collateral. Therefore, the sale of Buy Here Pay Here loans is a popular way to reduce risks for lenders because it allows fixing the profitability of loans issued and reduces the chances of non-repayment of debt.
The main advantages to sell BHPH notes are:
BHPH portfolios are in great demand among debt buyers today, which allows them to get reasonable prices when selling performing and non-performing accounts. Debt buyers believe that the contact data of debtors is higher than that of other loans because the loan issuance and debt payment took place at a specific location. There is a high probability that this debtor will have fresh contact information and his place of residence is near the loan issuance, which will simplify the tax repossession, if necessary.
Today, demand for this type of portfolio exceeds the supply, because the share of Buy Here Pay Here loans in the auto loan industry is growing. Debt buyers are happy to consider and buy goods using this type of debt. Suppose institutional debt buyers usually buy auto loans. When companies sell BHPH portfolios, the circle of buyers is broader and includes mid-size retail investors and other BHPH dealerships.
Debt buyers will understand this product, so in evaluating the portfolio, there are no questions as a rule. Therefore, the transaction can be closed in a few days when using a professional intermediary.
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Customer Privacy is protected by end-end encrypted platform technology, providing access to pre-vetted professional investors that sign NDA before joining the platform. All the data that is published on the platform is masked.
All personal identifiable information (PII) shall be masked before the portfolio is published. PII information includes Full Name, SSN, Driver’s license number, DOB, Account Number, Patient Identification Number, Address, Email, Number.
Debexpert uses end-to-end encryption to secure customer’s data. End-to-end encryption is a file that is encrypted with keys that are stored on the seller's and buyer's side. No one else except the debt buyer and debt seller of a particular debt portfolio can open the file.
There’re 2 ways to get answer to your questions on the debt portfolio:
1. Chat with the debt seller on the auction.debexpert.com
2. Contact the account manager +1(302)313 2285
After accepting a bid, the debt seller needs to sign a Purchase Sale Agreement. And after that the debt buyer transfers the money directly to the bank account of the debt seller. And the final step is transferring the original documents of loan contracts through an end-to-end encrypted debexpert platform.
After accepting a bid, the debt seller and debt buyer need to sign a Purchase Sale Agreement. And after that the debt buyer transfers the money directly to the bank account of the debt seller. And the final step is transferring the original documents of loan contracts through an end-to-end encrypted debexpert platform.
After accepting a bid, the debt seller and debt buyer need to sign a Purchase Sale Agreement. And after that the debt buyer transfers the money directly to the bank account of the debt seller. And the final step is transferring the original documents of loan contracts through an end-to-end encrypted debexpert platform.
All debt portfolios on the platform have masked file, sample Media and seller’s questionnaire
The registration process takes around 10 minutes on the debexpert platform.
When you don't make your loan payments, your account is sent to a collection agency, which makes an effort to get your unpaid balance back. Any payment default may lower your credit score, make it more difficult for you to borrow money in the future, incur fees, and may even result in the seizure of your personal belongings.
The buying process takes several days, during which buyers analyze the portfolio, decide on the price of the debt portfolio, and make offers to the seller.
All kinds of debt can be purchased.
Buying and selling debt is allowed in all states, despite some states requiring licensing for buying debt.
Buying and selling debt is allowed in all states, despite some states requiring licensing for buying debt.
Usually debt is bought by investors that specialize in buying debt portfolios. Law offices, family offices or collection agencies might be buying debt portfolios as well.
It is the process of transferring ownership over a debt portfolio.
There're a lot of debt brokers on the market. We recommend to use debt broker with the reputation, adhering to the best industry practices and protecting data using end-to-end encryption.
Debt broker is a professional middle man who helps connect lenders with the network of debt buyers, markets its portfolio and closes the deal.
No. Individuals cannot purchase their own debt.
Yes. If the debt holder is willing to sell the credit card debt, you can buy their credit card debt, following due diligence.
The answer is yes if you're a debt-buying company or private entity holding a license to buy debt. With the due licensing and budget to pay off the debt amount, you can buy credit card debt and get returns on it.
The borrower can’t send his debt to a third party.
When a house is bought on a promissory note issued by the house buyer with the seller/lender, it is known to be a note deal in real estate. Here, the buyer borrows money from the house seller/lender to pay for the space.
A mortgage or real estate note is issued when a house is a collateral in the loan taken through a promissory note. Such a note can be sold to a buyer. Any company or institution following the due diligence of debt investment can buy these mortgage notes. They are called real estate buyers.
Please visit this website page https://www.debexpert.com/auctions to see all debt portfolios that are on the sale now
Yes
There’re few advantages of using debexpert platform:
1.Large variety of debt portfolios from the originator
2.Our account manager will guide you through the whole debt selling and buying process
3.Debexpert mobile app will let you the opportunity to track the debt selling process anywhere.
4.We don’t charge you for the membership.
Membership for debt buyers on debexpert.com free of charge.
There’s few documents to get access to debexpert platform:
1. Insurance coverages
2. List of licenses
Here’s few steps to register on the debexpert.com:
1. Fill this form https://www.debexpert.com/register-buyer
2.Create account on the auction.debexpert.com
3. Fill out the buyer's questionnaire
4. Sign NDA
Yes, buying notes can be highly beneficial. To achieve consistent profits, though, you must do your research and comprehend any associated dangers, just as with any other type of investing. There is work required even if you don't have to devote time and effort to keep up a property.
Once your debt has been sold to a delinquent debt purchaser, you owe them the money, not the original creditor. The debt purchaser must follow the same rules as your original creditor when they collect the debt, and you keep all the same legal rights.
Encore Capital Group and its subsidiaries form the largest debt buyer and debt collector in the United States.
Yes, but you will need to get the appropriate state license for this activity.
Yes! Debt buyers make money by acquiring unpaid debts cheaply and then trying to collect from the debtors. Even if the new debt buyer collects only a fraction of the amount owed on a bad debt they buy — say, two or three times what it paid for the debt — they still make a significant profit.
Usually non-performing debt is sold with a significant discount to face value. A buyer of a debt expects to get more than what was paid for it. Recovery is made through employing a 3rd party collection agency or an attorney.
Buying and selling debt is allowed in all states, despite some states requiring licensing for buying debt.
To start a debt buying business you need to establish a legal entity, get a license, insurance coverages and set up internal procedures to manage personal data. If you want to open a new debt buying business, please contact our managers for assistance.
There are 3 key strategies:
1. Internal Collection
2. 3rd party collection
3. Debt Selling
Debt buyers collect the debt purchased from a lender—those borrowers who pay and will make up the income of the debt purchaser.
To buy a debt portfolio using debt broker service, a debt buyer needs to qualify compliance requirements.
Debt broker has a network of lenders and financial institutions thus they are able to find a debt portfolio for sale that can be interesting to a debt buyer.
Debt broker has nationwide base of debt buyers thus it can provide a variety of the most appropriate debt buyes who specialize in particular debt type. This kind of debt buyer can offer the highest possible price.
Debt buyers collect the debt purchased from a lender—those borrowers who pay and will make up the income of the debt purchaser.
A promissory note is an agreement between two or more parties where the borrower party promises to pay a sum to the lender party on certain terms and conditions as agreed upon. The note on which the agreement is made is called a promissory note. When the lender party decides to sell the note, it can be bought by any private firms or institutions dealing with debt buying. Typically, such entities hold licenses to buy and sell debt in the debt investment market.
Yes, you can. Please contact our Lender Relationship Director to sell performing debt at the highest possible price +1(302) 313-6043
It's best to sell on a regular basis, then you'll get the highest possible price. Lenders usually start selling when they have exhausted all internal collection efforts
Debexpert has the largest network of debt buyers. All of them are professional licensed investors in debt portfolios
Debexpert has the largest network of debt buyers which gives you the highest possible price on your debt portfolio. Also our account manager will guide you through the whole debt selling process. Debexpert mobile app will let you the opportunity to track the debt selling process anywhere. Moreover, membership for debt seller on debexpert.com free of charge
Membership for debt sellers on debexpert.com free of charge.
The sale can take anywhere from an hour. On average, the sale process takes 5 days from submission of documents to closing.
To prepare a portfolio for sale, you must create a masked file. Once the masked file is ready, you need to think about a sales strategy, which our account manager will help you decide.The next step is to check the availability of original documents of loan contracts.Then, you need to prepare for the Purchase Sales Agreement. The last step is the preparation of the Seller's Questionnaire, in which the seller describes the main parameters of the portfolio to be sold.
Here’s few steps to register on the debexpert.com:
1.Schedule a meeting https://www.debexpert.com/register-buyer with our Lender Relationship Director
2.Sign NDA
3.Create account on auction.debexpert.com
4.Transfer your masked file through auction.debexpert.com
Debt can be sold by the originator of debt or the title holder. A borrower can not transfer or sell his debt.
The best way to sell debt is through a debt auctioning platform.
The most effective way to collect debt is internal collection. As originators of debt have close relationships with borrowers therefore the expected response and collection rate shall be higher comparing 3rd party collection agencies. This strategy has the highest efficiency in the first 90 days of delinquency. After that originators shall consider selling uncollected accounts as this strategy proved to be the most efficient after 90 days.
Usually buyers that specialize in a particular type of debt are the best as they offer the most competitive pricing and reduce the number of mistakes when collecting on debt.
Charged-off accounts can be transferred to a third party collection agency or sold to a debt buyer. The sale of accounts allows lenders to free up cash and not wait for months or years to collect on debt.
Yes, originators of debt or title holders of judgements can sell their debt portfolios.
Debexpert does not sell personal debt. It deals only with lenders and other financial institutions.
Often companies sell debt to gain an influx of cash and improve the business bottom line. Also, companies that sell debt improve their recoveries drastically. Also, companies can use debt sales to reduce their legal risks.
When the debt is sold, the right to claim the debt is transferred to the buyer. At the same time, further interest accrual is impossible if charge-off accounts are sold. When selling performing accounts, the interest payment arrangement goes to a new owner. The debtor will be notified of the debt transfer by receiving a notification letter, and on the credit report, the owner or debt will be indicated.
Debexpert does not sell personal debt. It deals only with lenders and other financial institutions.
Often companies sell debt to gain an influx of cash and improve the business bottom line. Also, companies that sell debt improve their recoveries drastically. Also, companies can use debt sales to reduce their legal risks.
When the debt is sold, the right to claim the debt is transferred to the buyer. At the same time, further interest accrual is impossible if charge-off accounts are sold. When selling performing accounts, the interest payment arrangement goes to a new owner. The debtor will be notified of the debt transfer by receiving a notification letter, and on the credit report, the owner or debt will be indicated.
Many businesses try to negotiate settlements with their MCA lender, but it only leads to higher fees and interest rates. If your credit history is not spoiled, you can apply for a debt consolidation term loan and use the proceeds to pay off your merchant cash advance loan. If this is not an option, you can file for bankruptcy, but this means putting an end to your business. The fastest and most convenient option is selling your merchant cash advance debt on Debexpert.
It may take many months or even a year or more to bring about a final resolution with your MCA lender, but Debexpert offers a faster solution. On our loan marketplace, you can sell your merchant cash advance within a few days.
Certain financial institutions, including banks, accept promissory notes from its seller. However, the due diligence process may become longer. This is also called cashing your promissory note, where the bank gives cash at a discounted price of the note.
Yes. The promissory note can be sold to another party. However, the trade must take place before the note expires.
A promissory note is a legal document that contains a written promise to pay a certain sum of money to a specific person or entity at a specific date or on demand. When someone sells a promissory note, they are transferring the right to receive payment outlined in the note to another party in exchange for a lump sum of cash. The new owner of the promissory note is now entitled to receive the payments outlined in the note and has the right to take legal action if the payments are not made as promised.
In reality, it usually takes between 30 and 60 days for a real estate transaction to conclude, with an average of 47 days. Every county, state, and the lender has its own processes and deadlines. Using Debexpert platform this process takes 5-6 days.
Investing in real estate notes is not without danger. These dangers include the potential for the homeowner to stop making loan payments, which could result in financial loss for the investor in the note. The investor can suffer financial loss if the property is put up for auction and sells for less than they paid for the note.
Judgment purchasers have the option to purchase judgments, recover the debt, and do it without the assistance of the original judgment creditor. Expert judgment purchasers purchase judgment for 1% to 3% of the value of debts that seem challenging to collect. This could occur as a result of the debtor not having a clear method of paying back the debt.
By selling your judgments, you're able to get the following benefits: you'll save time, energy and your money. You'll avoid all the stress, stay focused on your business, simply move forward.
A court case's official verdict is known as a judgment.
The answer is yes. Similar to selling other personal property, any court judgment may be sold.
If you cannot find the buyer yourself (which is typically a very long and challenging task), register on Debexpert – it provides a faster and easier way to sell debt. The whole process of debt portfolio preparation and checking will take a few days, and you will be able to compare bids and buyers’ profiles.
Professional investors, collection agencies, law firms and funds.
Auto Loan Portfolio Sale can be performing, charged-offs, or auto deficiencies. Examples can be found on our website https://www.debexpert.com/auctions
Selling Your Auto Notes benefits lenders because it helps get money back into the company to issue new loans.
Buy Here Pay Here Loans are sold to securitize existing debt portfolios, make cash injections to originate new loans, improve business ratios or optimize operational processes. Reasons may differ for each lender but can be resolved by selling a debt portfolio.
An Auto Loan Portfolio Sale transfers the title to a debt buyer for auto loan accounts. Auto Loan Portfolio Sale can be either performing or charged-off accounts sale.
We recommend considering Note Yield as the most complete metric for a note investment.
Note Yield is an analysis of the return on a note investment measured in percentage.
RATE function in Excel shall be used to calculate note Yield.
Installment Loans sale process is similar to Payday loans. To prepare for the sale, the originator needs to prepare a masked file, PSA and media samples. English auction should be used to collect offers.
Payday loan portfolios are the most demanded inventory on the market. Before selling a payday loan portfolio borrowers documentation shall be prepared, purchase sale agreement drafted and account’s balances gathered in a masked file. It is better to conduct the sales process through the English auction.
Information about accounts for sale needs to be downloaded from the accounting system. Information about VIN numbers, car type and model needs to be added to the data tape. If you’re planning to sell charged-off accounts we recommend you consider English auction, in case of selling performing accounts Sealed bid auction is the best decision.
Before selling a credit card portfolio you need to prepare a masking file as well as prepare a Purchase Sale Agreement. To maximize proceeds we recommend to use English auction that allows to create bidding war between debt buyers.
Choose the best rates and sell your payday loan debt in the format that fits you — English, Dutch, sealed-bid, or hybrid. On our digital loan marketplace, you can see in-depth information about the bidders and their profiles.
Thanks to their combined 100+ years of experience, our professionals can provide you with advice on market conditions, price expectations, and compliance checklists. At every step of the debt selling process, you can rely on your dedicated account manager to offer timely support.
There are hundreds of buyers in Debexpert's network, including funds, collection agencies, family offices, legal firms, and passive debt buyers. Not sure which option to select? We will help you locate the buyers who submit the most attractive offers.
When endless repayment of MCA debt chokes their cash flow, many thousands of companies are forced to file bankruptcy. We provide these company owners with a comprehensive way out of the debt cycle and a definite path to recovering control over their personal finances and their businesses.
The procedure is easy. Our portfolio manager will go in-depth into your particular situation during our free, no-obligation consultation. We will help you figure out whether you can sell MCA debt and guide you through the process of merchant cash advance debt selling step by step.
Selling your business debt is a faster and safer alternative to dealing with merchant cash advance attorneys because you can close your loan in a single payment and avoid hidden fees and extra interest rates.
Today, hundreds of lenders and dealers sell their auto loan portfolios using a forward flow mechanism (fixing the sale price on loans to be issued in the future), making the business's operating model more predictable and sustainable.
Many Real estate loan borrowers make a big mistake by delaying payouts. If you don’t want to spoil your credit score and increase interest rates, sell your Real estate loan.
A performing loan is one on which the borrower has traditionally made timely payments. Performing payday loans are ones that are usually paid within the loan terms. Loans with payments that are fewer than 90 days late may occasionally be deemed as performing. You can sell such loans much faster and ask for higher bids because your credit history is not spoiled with them.
Non-performing payday loans are overdue. They can be sold by banks to other banks or investors. As a rule, these loans are bundled up and sold at a discount, so be ready to charge less than planned.
Typically, banks sell Payday loans to collection agencies that try to collect as much money as possible. You may ask, “Why can’t I sell my loan directly to collectors?”. This strategy has a few drawbacks:
On top of payday lenders’ interest, collectors charge extra trying to earn as much as they can.
Pretty often, agencies become very aggressive in pursuit of payouts: debt owners receive calls and messages with threats, which is very stressful.
Collectors may initiate legal proceedings, complicating the business’s financial situation even further.
So if you don’t want to overpay and stress over communicating with collectors, sell your payday loan online – Debexpert can make this process simpler than ever before.
Sell Payday loansOnce you sign up on Debexpert, consult a dedicated sales manager: find out how much you can charge for your loan.
Request Portfilio AnalyticsPrepare a masked file (a file that lists all accounts that you want to sell). If you need to sell an entire portfolio, break it down into pools, locations, and states of delinquency.
Ensure the availability of original documents of loan contracts (ideally, they should be stored in electronic form).
Prepare the Purchase Sales Agreement that describes the terms of transaction closing, transferring documents, and obligations of the seller and buyer.
Prepare a Seller's Questionnaire that describes the major characteristics of the portfolio to be sold.
Once you start receiving offers, conduct debt buyer due diligence to find the one with a trustworthy reputation and optimal bids.
Here are the recommendations to help you sell your real estate loan at its maximum cost:
Selling your real estate loan is a quick and easy procedure with Debexpert.com that only requires six basic steps:
Contact your dedicated manager, who will examine your debt portfolio, determine whether you are eligible to sell it, and consult you on the cost of your loan.
Request Portfilio AnalyticsWe will help you with compliance checklists, debt portfolio organization, and collection of documents for potential debt buyers.
Debexpert can help you choose the best form of auction (English, Dutch, sealed-bid, or hybrid) and will walk you through the selling process. We'll assist you in creating pools out of your portfolio and explain when to start looking for buyers.
Debexpert will supervise the presale process and provide a list of the best purchasers for your debt. You can see who has viewed your portfolio and keep tabs on the sales process on your dashboard.
Compare buyers’ bids and contact your manager if you have problems choosing one.
Once you select one of the bidders, you can initiate the selling process and get your money quickly. We guarantee ongoing support and the security of transaction data.