Performing and non-performing Payday loans

Performing Payday 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 loan
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.