Debt Buyer
There are many reasons for a company to sell its debt. Sometimes it’s for short-term cash flow purposes and other times it could be part of a companies tax strategy. Whatever the reason, selling debt can be a very smart decision if done effectively. Buyers and Debt sellers have traditionally been volume transactions, however Phoenix Credit has found a niche in small to medium size business debt purchasing. With the amount of available credit shrinking for small to medium size businesses, cash flow is more important than ever. A company’s accounts receivable may not be the realistic asset that it used to be. With more and more late payers and defaults occurring in today’s market, companies have begun selling their distressed debt to companies like Phoenix Credit.
How do we put a price on your debt?
The best way for Phoenix to accurately propose what we can do for you all begins with a review of a portfolio of your accounts that may be offered for sale. First, we sign a confidentiality agreement before looking at any proprietary information. Then, in order to determine an appropriate offering price, Phoenix’s assessment is dependent on portfolio characteristics including, but no limited to, the results of our analysis concerning current liquidation, aging, and the degree of valid debtor data such as contact information. If you are not comfortable allowing us access to a large segment of data at this time, we would suggest that you provide us with a sample of your accounts. We will analyze the sample and let you know the results of our pricing analysis in a formal proposal. To the extent that the sample is representative of the portfolio, our pricing would be reflected in our offer for the complete portfolio.
If you have additional questions, please contact Stephen Brandon our Business Development associate. He can be reached at 888-206-6996, extension 114 or our local number 615-232-9223.
Third Party Collections
Phoenix Credit’s goal is to maximize our client’s returns on their recovery investment through increased revenues, supporting client to customer relationships, and improving overall bottom lines. Our debt recovery program helps serve businesses in charged off consumer installment loans, credit card and payday loans and/or defaulted contract obligations.
PC takes the following approach in order to maximize your return on investment:
- Use of "consumer finance" tactics focusing on a relationship approach rather than pure collection tactics;
- Capitalizing on a "vintage" effect that takes advantage of an individual’s ability to rebound from a financially distressed situation, given time;
- Applying advanced collection and skip tracing technology and scoring techniques to maximize revenues.