Expertise You Can Trust: With over 13 years of experience in the finance industry and 25B in successful transactions, you can rest assured that you are in good hands with me on your side.

My experience extends to:

✓ Buying, Selling, Brokering, and Managing Performing & Non-Performing Assets

✓ Strategic Consulting for banks, lenders, collections agencies, insurance/reinsurance companies, and tech companies

✓ Consolidated bad loans into sexy deals in record time

✓ Consulting on high-profile cases with Investment Strategy, Risk + Portfolio Management, and Strategic Planning

✓ Largest Online Community with Linkedin Credit Union & Community Bank group - the biggest Slack channel for finance professionals.

Expert Solutions for Complex Financial Challenges: People turn to me for actionable solutions to their financial struggles.

MY 4 SUCCESS PILLARS T.A.C.T

• TRANSPARENCY

• ACCOUNTABILITY

• COURAGE

• TRUST

Achieving Success in Debt Management: My Four Pillars of Transparency, Accountability, Courage, and Trust.

If you're tired of struggling with financial issues, explore my services and stop wasting time. As a bilingual expert in finance, I have a diverse background working with companies to improve communication, offload bad debt, and streamline their balance sheets. Whether you're a BPO, bank, lender, real estate company, insurer, or starting a debt collection agency, I'm ready to help you achieve your goals.

If you have questions about a debt portfolio, such as chain of title, age, the creditor, and a quick tip on collection strategy, I am always willing to look at a masked file and share my thoughts with you.

You can go directly to the original creditor and buy from them, or you can buy through a reseller or broker. You can try your luck on the auction debt trader sites, but you'll be bidding against the top expert buyers. If you need help, I can send you a list of well-respected and trusted " Insider" brokers & resellers who will guide you.

* If you are new at buying debt, you might want to team up with a professional debt buyer to learn from them and help mitigate your risk on the first few buys.

Before buying your first debt portfolio, you want to start interviewing debt collection agencies and find out what asset class they do well with. After that, you find a good collection agency partner to service your accounts; make sure they are licensed in the states you buy the debt in. Also, it's good if they are a part of a credited organization, ACA or RMAi, and lastly, check google and read all the customer reviews. You don't want to place and get shut down for generating too many lawsuits that might be short on remits or get you sued.

To see the results and you're just starting, I would recommend you spend anywhere between the $5,000 + $50,000 range. If you're going to spend less than 5000, make sure you're getting a decent volume of accounts; I would recommend buying an older shelved portfolio with an average balance of 1500 or more.

Short answer. Yes, but you need to buy your debt in a larger pool of debts.

First, you want to purchase a portfolio with an older charge-off date and a lower principal balance. This is because lower principle and older charge off means a higher rate of return and so has more potential for providing a profit. The best place to start looking for a reliable broker is to reach out to your local bank, credit union's or car dealerships / BHPH, dentist, doctor's office, or law firms, etc.

+ 30 days past due
The ratio of current balances to total balance aged 60+ days
Average age (days) for all accounts aged 0-30, 31-60, 61-90, and 91+
The total amount is written off as bad debt in the last 12 months

I provide business owners with as-needed professional debt collection, accounts receivable management services & consulting that is dedicated to reducing bad debt and slow receivables in an affordable way.

If you're looking to start your own debt collection agency, several factors make the process difficult. You will need a large amount of capital and patience when starting this business because it is highly regulated by federal law.

Purchasing debt through an online auction bidding process is difficult that is why its buying from a private party or direct from the lender. Debt buyers pay on average 3.50 cents for every dollar for debt, but this changes for older debts because they are less likely to be collected on.

The Fair Debt Collection Practices Act is a law that regulates how creditors and collectors interact with consumers.

Debt collectors are always in demand, and for good reason. Debt can be pretty annoying when you're struggling with it yourself- but having an expert handle all of that hassle makes things a lot easier! A debt collection business owner must first obtain customers from originators (lenders), as well as buyers who purchase debts on their behalf to locate the debtor(s). They then need enough energy/time put into communication channels like text messages, phone calls, or emails so they don't get lost amongst other messages; skip tracing where possible via court records if necessary - contact should not go ignored until every last effort has been exhausted.

The process is simple you first have to gather all your debts in a secured excel file, then make sure you have all the necessary information, origination date, last payment amount, DOB, SSN, address, email, phone number, co-signer information, if any, and signed contracts of all the debtor you wish to sell.

Q: What is debt buying? 

A: Debt buying is the process of purchasing delinquent or defaulted consumer debt from original creditors or other debt buyers at a discounted price. The debt buyer then attempts to collect the full amount of the debt from the consumer.

Q: What types of debt can be bought?

A: Common types of debt that can be bought include credit card debt, medical debt, student loan debt, and personal loan debt.

Q: How do I make money from debt buying?

A: Debt buyers make money by purchasing debts at a discounted price and then collecting the full amount of the debt from the consumer. If the debt buyer is successful in collecting the debt, they can earn a profit on the difference between the purchase price and the amount collected.

Q: How do I start a collection agency? 

A: Starting a collection agency involves obtaining a business license and registering with state and federal regulatory agencies. You will also need to acquire a surety bond and comply with the Fair Debt Collection Practices Act (FDCPA) and other regulations. It's also important to have a good understanding of the industry and the laws surrounding it.

Q: What are the requirements for starting a collection agency? 

A: Requirements vary by state, but generally, you will need to obtain a business license, register with state and federal regulatory agencies, acquire a surety bond, and comply with the FDCPA and other regulations. It's also important to have a good understanding of the industry and the laws surrounding it.

Q: What are the risks associated with debt buying? 

A: The main risk associated with debt buying is that the consumer may not pay the debt, resulting in a loss for the debt buyer. Other risks include potential legal costs and fees associated with collecting the debt and the possibility of the consumer filing for bankruptcy.

Q: How do I determine the value of debt? 

A: The value of a debt is determined by the likelihood of the consumer paying the debt. Factors influencing this include the consumer's credit score, employment status, and overall financial situation. Additionally, the amount of time that has passed since the debt was incurred and the laws and regulations of the state can also play a role.

Q: Is debt buying legal? 

A: Yes, debt buying is legal as long as it is done in compliance with state and federal laws, including the Fair Debt Collection Practices Act (FDCPA).

Q: Is starting a collection agency a good business opportunity? 

A: Starting a collection agency can be a good business opportunity, but it's important to understand the risks and regulations involved. Additionally, it's important to have a good understanding of the industry and the laws surrounding it.