Heads Up: Debt Buyers Paying More for Our Bad Paper
Published: Sun, 12/05/21
Just a quick note. Debt buyers are in a state of frenzy. Payday, installment, car title... lenders are working their bad debt longer than normal. Why? Our subprime borrowers are sitting on a ton of cash. Our collection Team is experiencing more than usual success.
As a result, bad debt buyers are paying more for our bad debt!
If you do want to unload any bad paper you've been working in house, let me know. I'll connect you direct.
Meanwhile, new loan originations continue to trend up. FOMO about omicron variant potential lockdowns, inflation, record low employment, record new business formations by sole-proprietors... continue.
December is OURS!
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Jer
Jer@theBusinessOfLending.com