Different types of auction
Choose the best rates and sell your payday, title, installment... 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.
Extensive buyer database
There are hundreds of buyers in our 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
aggressive offers.
Get 24/7 assistance
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.
Want to learn more? Jer@theBusinessOflending.com [Subject? DEBT]
The Skinny:
Non-performing debt, also known as bad debt or defaulted debt, is typically viewed as a liability rather than an asset. However, in certain situations, non-performing debt can indeed be considered
an asset.
For investors, non-performing debt can present an opportunity to purchase distressed debt at a significant discount. This type of debt is often sold by lenders who have already written it off as a loss, and investors can purchase it for a fraction of its original value. If an investor is able to recover even a portion of the debt, it can provide a substantial return on investment.
Moreover, non-performing debt can also be an asset for debt collection agencies. These agencies specialize in collecting delinquent debt on behalf of lenders or other creditors.
In exchange for a fee or commission, debt collection agencies can help creditors recover some or all of their
non-performing debt.
In addition, non-performing debt can be an asset for Lenders, banks and financial institutions, as it can be used to offset taxable income.
They can write off non-performing debt as a loss and use it to reduce their tax liability.
This strategy is known as a tax loss carryforward and can provide significant financial benefits.
Know that many subprime lenders 1099 subprime borrowers who "ghost" them!
In conclusion, while non-performing
debt is generally viewed as a liability, it can indeed be considered an asset in certain situations.
Lenders, investors, debt collection agencies, banks, and policymakers can all derive some benefit from non-performing debt, whether through financial returns, tax savings, or insights into the health of the economy.
Jer - 702-208-6736 Cell
TrihouseConsulting@gmail.com
https://theBusinessOflending.com
