Jeffery " Don of Debt " Hartman
The Only Expert Aligning Lenders, Banks, Recovery Agencies, and Consumers for the Greater Good!
If you're looking for someone to help with buying debt or starting a collection agency or debt management
I'm your guy!
If you're looking for the right paper or trying to figure out how bests to sell your collection agency it may be time to call me. I'll help maximize profits and minimize losses in any situation involving the debt collection field.
Master of Finance Circa 2008
After 11+ years of navigating through the finance world, 10B in transactions later. You definitely will never have to worry about getting ripped off 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.
MY 4 SUCCESS PILLARS T.A.C.T
I’m blunt, unconventional, and goal-oriented. If you are tired of your financial shit piling up, hit the SERVICES tab and stop wasting time. Finance is its own language. I happen to be bilingual.
I have worked with a diverse background of companies with a previous bad history of communications tactics and seamlessly blended party lines.
SUPPOSE YOU ARE A COMPANY LOOKING TO GET LEAN, OFFLOAD AND SHRED BAD DEBT, DITCH DISTRESSED ASSETS AND BRUSH OFF THEIR BALANCE SHEETS. CALL ME.
Ready to help in BPO, banking, finance, lending, real estate, insurance, and start-up debt collection agencies or seasoned shops.
A Note From Hartman
I am a Debt Collection Consultant specializing in Collections and Recovery. Without the BS. My clients come to me when they need the quickest and most efficient way to gain access to debt to help jumpstart their collection agency.
I offer a no fluff, straightforward and tactful approach that doesn’t beat around the bush. Time is money, baby. I’m a great listener, but I am an action man. I know the best ways to solve a problem fast and with precision. I work off of facts, action, and the cold hard truth. I recover success stories. A little harsh at times? Maybe. But I see it as pure bliss.
It’s the honesty you want, and it’s definitely not the honesty you are currently getting.
This is not a quick-fix PR stunt either. My work and how I work with my clients allow me to filter out who is the best match for my methods. We don’t have to sit here and play tea time, wasting precious time when we could be making deals that lead to financial gains, which is what you really want anyway.
At home, I’m a surprisingly peaceful family man living in Idaho, collecting classic cars and Mustangs. A husband, a father, and still called “Hartman!” by all my friends. But enough about me, let’s air out that dirty laundry and get you rolling into your newest success story. I am here to help, but I can only take you so far. After all, you can’t blame the doctor if you don’t take your medicine.
Jeffery “Don of Debt” Hartman
For your convenience, references are aggregated on Linkedin.
Melody A. Cuff
Chief Acquisitions Officer
I've worked with Jeff several times over the last 5-6 years and it was always a pleasure. All of the closings on debt portfolio purchases were easy and on time. Jeff is professional and very knowledgeable. I will work with Jeff again and highly recommend working with him and his firm.
Product Manager at Google
I recently had the opportunity to have a lengthy meeting and discussion with Jeff about the debt markets, real estate lending and a host of other relevant finance topics. I found Jeff to have a deep perspective on both the secured and non-secured debt markets plus a real "finger on the pulse" of the on-line and non-online lending sectors. He exudes an energy and a passion to do right by his clients. See less
Credit & Collection Consultant
Jeffery is "one of those". He loves the deal, enjoys helping people, and loves to work. Whether you're on the phone early in the morning or exchanging texts with Jeffery late at night, he makes himself available and always brings a lot of ideas to the table. What sets him apart is his ability to take action on those ideas and bring them to life, and the marketplace. I recommend you explore what Jeffery has to offer.
Vice President, Collections at TransUnion
Jeffery Hartman has consistently demonstrated professionalism and integrity while facilitating asset sales and acquisitions for my organization. He exercises patience in understanding the motivations for his clients actions and applies his expertise in finding the best suited partners. Jeff's efforts to foster profitable, long term relationships would assist any buyer or seller of accounts receivable navigate the current financial services industry
I am a wordsmith, and I find myself quoting things all the time. Sometimes it is to make people laugh, other times when you are really in-depth with someone about your feelings or what you have been through.
As much as my mind feels like it's stocked full of quotes at any given moment, there always seems to be something new that pops out! Let's take this opportunity together for some light reading material by going over a few from me and others who know how we think (and feel).
Founder - Creative Director
2019 - Present
Omnichannel Call Center Automation
Connect with customers everywhere they want to interact with you — from text messages to emails, phone calls to video, intelligent chatbots, online payment portal, and back — within a single powerful platform.
Member - Contributor
Keeping abreast of the latest financial news and expanding my network and resources to deliver complete solutions to my clients.Forbes Profile
Feb 2016 – Present
#1 Whole Loan & Note Brokerage Firm
An advisory firm specializing in loan sale advisory services for banks, investment funds, insurance companies, and other financial institutions wishing to buy and/or sell performing and non-performing whole loan portfolios. The company also buys, sells, brokers, and invests in private mortgage notes.
Board Of Directors
Feb 2014 – Present
Victor’s Hope Foundation (VHF) was organized exclusively as a neutral and impartial humanitarian organization that aims to provide high-quality medical care to the people who need it the most. It does not promote the agenda of any country or political party.Challenges in life are as big as we perceive them to be, but nothing is impossible if YOUput your mind to it and work hard to achieve it. Always strive to be all you can be!- Victor Sopuruchi Chukwueke
Consumer Loans - Credit Cards - Auto - title loans - Installment - DDA - NSF - Medical - RTO - Judgment Accounts - Student Loans
Buy now, pay later - Consumer Loans - Credit Cards - DDA - Bad Checks - Auto - Installment - NSF - Medical - RTO - Judgment Accounts
Hard Money / Spec / Construction
Buy Notes - Selling Notes - Broker Notes
FAQ on Debt Buying & Starting an Agency
The questions below are the most frequently asked when it comes to debt buying and selling, starting a collection agency or purchasing an existing one.
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 principle 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 or reach out to your local bank or credit union's or car dealerships / BHPH, dentist, doctor's office, or law firms, etc.
Days of Delinquency Ranges
+ 30 days past due
The ratio of current balances to total balance aged 60+ daysAverage 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
Finding a Debt Collection Consultant
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.
How to start a debt collection agency? Where to start?
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.
How much do collection agencies buy debt for?
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.
What is debt collection practices act?
The Fair Debt Collection Practices Act is a law that regulates how creditors and collectors interact with consumers.
Is a debt collection agency profitable?
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.
How to sell a debt to a collection agency?
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.
Protect your Online Rep
Getting targeted by consumer law firms?
I established a proven model on how to combat them using their own tactics against them.
Starter Agency Plan -Debt
In-Depth Analysis and Debt Portfolio Evaluator Analyze Profitability and Risk Great for Startups + New Portfolios
Our most sought-after plan at Hartman Debt Consulting. The Pro Plan works with Small to Medium Agencies in evaluating portfolios and offering expertise, in-depth, and critically acclaimed knowledge on increasing your income and lowering high-risk situations.
Trouble negotiating big contracts and communicating tactics between Big Brother companies? Stop selling yourself short and start investing in your financial future.
Copyright © 2021 Jeffery “Don of Debt” Hartman ® All Rights Reserved
Starting a Debt Collection Agency - Note Broker - Debt Broker - Distressed Whole Loans - Automation Software