What is Delinquent Consumer Debt?

Delinquent consumer debt is money owed when an individual uses credit to buy products or services, and then defaults on paying back the bank or company that extended their credit.

The term "delinquent debt" or "bad debt" refers to debt that is more than 30 days overdue.  Debt that is less than 30 days overdue is not categorized as delinquent.

Some examples of Delinquent Debt include:

• Credit card charge-offs
• Student Loans
• Retail installment contracts
• Health club memberships
• Bad checks
• Utility bills
• Judgments (resulting from lawsuits)

Who can benefit from the sale of Delinquent Debt Portfolios?

• Financial institutions, banks, private investors
• Lawyers
• Car lots (Buy here, Pay Here)
• Retailers of high-ticket items
• Local department stores
• Hospitals, emergency clinics

How can you benefit from the sale of Delinquent Debt Portfolios?

• You have immediate cash – you no longer have to wait to collect a percentage of the accounts when, and if, they are paid.
• Allows your business to turn a liability into an asset.
• Removes the collection burden from your shoulders.

Do you think you have a big enough Delinquent Debt Portfolio?  Are you ready to turn it into CASH?   Contact us for additional information on how we can help.

Free, No Obligation Consultation!

Contact the Professionals Today at 559-213-0112 or